What’s new: China’s President Xi Jinping pledged Tuesday to set up a fund with an initial contribution of 1.5 billion yuan ($232.5 million) to support biodiversity in developing countries.
Xi made the announcement during a speech delivered at a United Nations biodiversity conference in the southwestern city of Kunming, Yunnan province. He said China called on and welcome other parties to contribute to the biodiversity fund.
What’s more: The president also said during the speech that China is stepping up efforts to build a national park system to protect the country’s natural environment.
China has established five national parks across the country to preserve natural resources including river sources, giant pandas and tropical rainforests.
Xi added that China will issue additional policies to help achieve the country’s commitment to reach its carbon emission peak before 2030 and achieve carbon neutrality by 2060.
He said the country will continue to drive the development of renewable energy, including speeding up planning and construction of wind and solar power bases in desert areas.
Contact reporter Lu Zhenhua (zhenhualu@caixin.com) and editor Michael Bellart (michaelbellart@caixin.com)
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