China's Xi Launches $232 Million Biodiversity Protection Fund for Developing Countries

Chinese President Xi Jinping announced the launch of a 1.5 billion yuan ($232.47 million) fund on Tuesday to support biodiversity protection in developing countries. Xi was virtually addressing the COP15 biodiversity summit in Kunming, China, where diplomats, scientists, and conservationists are meeting with the aim of forging a global agreement to halt and reverse the destruction of nature. "Developing countries need help and support and solidarity must be strengthened to allow developing countries to benefit in a fairer way," Xi said. Experts have been warning that China's efforts to conserve biodiversity at home have not been matched by efforts to clean up its global supply chains or embark on sustainable investments overseas. Read more.
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