China promises biodiversity fund for developing countries

Beijing, 12 Oct (EFE).- China on Tuesday promised to create a fund for biodiversity conservation in developing countries during the COP15 biodiversity summit in the southern city of Kunming.

“I wish to announce China’s initiative to establish a Kunming Biodiversity Fund and take the lead by investing 1.5 billion RMB yuan to support biodiversity protection in developing countries,” announced President Xi Jinping.

“China also calls for and welcomes contributions from other parties to the fund,” added Xi during his address.

According to the Chinese leader, the Covid-19 pandemic has posed an added challenge for developing countries, which face “the dual tasks of economic recovery and environmental protection,” and need “help and support all the more.”

This first part of the COP15 biodiversity summit, taking place virtually in Kunming, will run until Friday.

The second part is scheduled to take place with representatives arriving in person in the same city between Apr.25 and May 8 next year.

According to the website of the United Nations Environment Programme (UNEP), the summit will try to achieve a consensus on a new set of environment goals for the next decade. EFE


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