China pledges US$ 233m for poor states

BEIJING. – China vowed to strengthen its own biodiversity protection and release implementation plans for peaking carbon dioxide emissions while investing 1.5 billion yuan ($233 million) to support biodiversity protection in developing countries at the biggest biodiversity conference in a decade yesterday.

At a critical moment for mapping out the next 10 years’ biodiversity targets, analysts said China’s contribution and ecological progress will help the world better achieve the new targets, and the Chinese ecological concept was a great idea that the world needs badly.

Meanwhile, Chinese analysts said China will not bow to external pressure in reaching its carbon emission goals despite the West’s pressure and malicious attacks on ideology.

President Xi Jinping on Tuesday announced China’s initiative to establish a Kunming Biodiversity Fund and take the lead by investing 1.5 billion yuan ($233 million) to support biodiversity protection in developing countries.

President Xi made the remarks while addressing the leaders’ summit of the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity ( COP15) via video link in Beijing.

To strengthen its own biodiversity protection, China is moving faster to establish a protected areas system with national parks as the mainstay, President Xi said.

China has officially designated its first group of national parks that includes the Three-River-Source National Park, the Giant Panda National Park, the Northeast China Tiger and Leopard National Park, the Hainan Tropical Forests National Park, and the Wuyishan National Park. – Global Times