#China; #DevelopingCountries; #Biodiversity; #EcologicalCivilization; #WildAnimalsProtection; #EnvironmentalProtection
Kunming (China)/Canadian-Media - Chinese President Xi Jinping announced on Tuesday the launch of a 1.5 billion yuan ($232.47 million) fund to support biodiversity protection developing countries during his virtual address to the UN conference- Leaders' Summit of the COP15 biodiversity summit in Kunming, China.
Image: Xi Jinping. Image credit: Twitter handle of @prezxijinping
“We need to practice true multilateralism, and effectively honor and implement international rules, which are not to be exploited or discarded at one’s own will...The new environmental protection targets we set need to be ambitious on the one hand and pragmatic and balanced on the other...On this occasion, I wish to announce China’s initiative to establish a Kunming Biodiversity Fund and take the lead by investing 1.5 billion RMB yuan (USD 233 million) to support biodiversity protection in developing countries,” said President Xi and called for contributions from other countries to the fund, Indian Express News reports said.
Diplomats, scientists, and conservationists were present in this virtual meeting, which aimed to forge a global agreement to halt and reverse the destruction of nature .were
President Xi said that China has made remarkable progress in building an ecological civilization because of its endeavors to protect wild animals.
Experts have been warning that China's efforts to conserve biodiversity at home have not been matched by efforts to clean up its global supply chains or embark on sustainable investments overseas and added an estimated $1 trillion a year is needed to build sustainable supply chains and help countries protect nature in other ways.