• Thursday, Dec 02, 2021
  • Last Update : 01:15 am

China pledges $233 million to global biodiversity fund

  • Published at 03:27 pm October 12th, 2021
Chinese President Xi Jinping at UN Biodiversity Conference
Media staff members watch a live image of China's President Xi Jinping speaking at the media centre of the UN Biodiversity Conference (COP 15), in Kunming on October 12, 2021 AFP

Beijing --  the world's biggest polluter -- has sought to play a more prominent role internationally on biodiversity conservation in recent years

China on Tuesday pledged to inject $233 million into a new fund to protect biodiversity in developing countries during a key UN conservation summit, despite disagreements among major donors on the initiative.

Beijing --   the world's biggest polluter -- has sought to play a more prominent role internationally on biodiversity conservation in recent years.

Its pledge came as delegates from about 195 countries gathered in the southern Chinese city of Kunming for the first of a two-part summit on safeguarding plants, animals and ecosystems.

The summit aims to establish a new accord setting out targets for 2050 and 2030.

"China will take the lead in establishing the Kunming biodiversity fund with a capital contribution of 1.5 billion yuan ($233 million) to support the cause of biodiversity conservation in developing countries," Chinese President Xi Jinping said during a speech at the COP15 conference on Tuesday.

"China calls on... all parties to contribute to the fund."

A key proposal being debated at the conference is the "30 by 30" agenda that would afford 30 percent of the Earth's land and oceans protected status by 2030. 

Global spending to protect and restore nature needs to triple this decade to about $350 billion annually by 2030 and $536 billion by 2050 to meet this target, a UN report said in May.

But some rich country donors say a new fund for conservation is unnecessary because the United Nations' Global Environment Facility already helps developing nations finance green projects.

The funding issue will be taken up at negotiations in Geneva in January 2022 and then later at the second part of the summit in April and May next year.

Xi also took a swipe at the United States in his speech on Tuesday, saying: "We should practise genuine multilateralism and abide by international rules which are not to be exploited or discarded at one's own will."

The UN Convention on Biological Diversity has been ratified by 195 countries and the European Union -- although not the United States, the world's biggest polluter historically -- with the parties meeting every two years.

The biodiversity discussions at COP15 are separate from the weightier COP26 summit set to begin next month in Glasgow, where world leaders are under pressure to act on the climate crisis.

Facebook 51
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail