COP15: China’s Xi Jinping pledges US$232m for new fund to protect world biodiversity

South China Morning Post

October 12, 2021
China will donate 1.5 billion yuan (US$232.5 million) to set up a new fund to help developing countries protect the variety of plant and animal life, President Xi Jinping has pledged at the United Nations Biodiversity Conference (COP15).

“China will take the lead and contribute 1.5 billion yuan to set up the Kunming Biodiversity Fund to support biodiversity development of developing countries,” Xi told the conference via video link on Tuesday. “China calls for and welcomes all parties to contribute and support strengthening protection of biodiversity.”

Xi also pledged to accelerate the development of wind and solar power in China.