China to commit 1.5 bln yuan to initiate Kunming Biodiversity Fund: Xi
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China to commit 1.5 bln yuan to initiate Kunming Biodiversity Fund: Xi

China to commit 1.5 bln yuan to initiate Kunming Biodiversity Fund: Xi
Undated combo photo shows a "Skywalker gibbon" (L), a red-webbed tree frog (R, top) and a kind of wild tree lizard (R, bottom) in Gaoligong Mountain National Nature Reserve, southwest China's Yunnan Province. (Gaoligong mountain national nature reserve/Handout via Xinhua)


Chinese President Xi Jinping on Tuesday said China will take the lead by investing 1.5 billion yuan (about 233 million U.S. dollars) to establish the Kunming Biodiversity Fund.

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 via video link in Beijing.

Read:China's Shanxi downgrades flood-control emergency response

The fund will be used to support developing countries in biodiversity protection, Xi said.

China calls on and welcomes all parties to make contributions to the fund, he said.

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China Chinese President Xi Jinping Kunming Biodiversity Fund biodiversity protection