"The meeting is successful. Practically we had no issue where there was difference of opinion among the four countries," Javadekar told the Indian media here on Saturday.
The Chile meeting will discuss the implementation of the Paris deal to cut the greenhouse gas emissions as well as mitigation, adaption and climate finance.
China and the US are listed as top polluters of the world. While both the countries signed the accord, it ran into problems after President Trump threatened to pullout of the deal signed by his predecessor Barack Obama.
Trump said on Saturday that the US will definitely withdraw from the Paris deal, which he described as a "bad deal." He claimed that his pro fossil fuel policies had made the US an energy superpower, BBC reported.
The US pullout will take effect next year, the day after the 2020 US presidential election, assuming that Trump is re-elected, it said.
Javadekar said the main issue is that developed countries should keep up their annual commitments for the USD 100 billion climate fund which aims to mitigate the least developing countries to manage climate change issues as the Paris agreement comes into effect.
"The developed world has promised $100 billion per year till 2020," he said, adding that only about USD 10 to 20 billion has been contributed so far.
"Cost of combating climate change results in trillions of dollars but $100 billion is goodwill gesture to help the very least developed countries," he said.
A joint statement released after the BASIC ministers' meeting said the "Ministers emphasised the faithful and comprehensive implementation of the Paris Agreement, in particular of its goals and principles."
They "underlined the importance of a full, effective and sustained implementation of the UN Framework Convention on Climate Change (UNFCCC), its Kyoto Protocol and its Paris Agreement, in accordance with the principles of equity, common but differentiated responsibilities and respective capabilities (CBDR-RC)," it said.
They urged developed countries to propose the new collective quantified goal on finance as soon as possible, including detailed roadmap and timetable.
"The goal should be from a floor of $100 billion per year, significantly publicly funded and of greater transparency. The 2020 deliberations should draw lessons from the experience of meeting the $100 billion pledge," the joint statement said.
It also said the BASC countries have been implementing ambitious climate action based on their national circumstances and have achieved great progress with significant contribution to global efforts in combating climate change.
"In 2018, China has reduced carbon dioxide emissions per unit of GDP by 45.8 per cent from the 2005 level, increased the share of non-fossil fuels in primary energy consumption to 14.3 per cent.
"South Africa has recently implemented carbon tax, and announced massive renewable energy program in its latest electricity plan. India has already achieved 21 per cent reduction in emission intensity of GDP in 2014 compared to 2005 levels, thereby achieving its pre-2020 voluntary target," the statement said.
"In 2015, Brazil had already achieved a 58 per cent emission reduction in the business as usual scenario set for its NAMAs, thereby overachieving its target of 36 per cent- 39 per cent reductions set for 2020," it said.
Javadekar said he has invited China to join India's initiatives, the International Solar Alliance (ISA) and Ccoalition for Disaster Resistance Infrastructure (CDRI). The CDRI was announced by Prime Minister Narendra Modi at New York last month.
Besides Javadekar, the meeting was attended by China's Minister of Ecology and Environment LI Ganjie, China's Special Representative on Climate Change Affairs Xie Zhenhua, Brazil's National Secretary for International Relations Roberto Castelo Branco and Chief Director of International Climate Change Relations and Negotiations of South Africa Maesela Kekana.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.