Kunming biodiversity fund | IASbaba

Kunming biodiversity fund

Part of: Prelims and GS II – International relations and GS – III- Climate change

Context China pledged to inject $233 million into a new fund to protect biodiversity in developing countries during the recently held UN biodiversity summit.

• China has called on all parties to contribute to the fund.

Key takeaways 

• Beijing — the world’s biggest polluter — has sought to play a more prominent role internationally on biodiversity conservation in recent years.
• Its pledge came as delegates from about 195 countries gathered in the southern Chinese city of Kunming for the first of a two-part summit on safeguarding plants, animals and ecosystems.
• The summit aims to establish a new accord setting out targets for 2030 and 2050. 
• China will take the lead in establishing the Kunming biodiversity fund with a capital contribution of 1.5 billion yuan ($233 million) to support the cause of biodiversity conservation in developing countries.