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Ecology & Environment
Pradeep Kumar

13/10/21 12:05 PM IST

China launches biodiversity fund

In news

Chinese President Xi Jinping announced the launch of a 1.5 billion yuan ($232.47 million) fund to support biodiversity protection in developing countries, as talks continue on a new post-2020 global pact to tackle species loss.

Details
  • Beijing — the world’s biggest polluter — has sought to play a more prominent role internationally on biodiversity conservation in recent years.
  • 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.
  • He also announced a new national park scheme that would bring a land area of 230,000 square km (88,800 square miles) under stronger state protection.
  • The parks - which cover China's panda, tiger and leopard habitats as well as key nature reserves near the headwaters of the Yangtze, Yellow and Mekong rivers in the northwest - are home to nearly 30 percent of the key terrestrial wildlife species found in the country.
  • COP15 needs to see donor countries from the developed world contributing in this regard.
Source: The Hindu

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