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Biodiversity: A new fund launched for developing countries

15/10/2021
Categories: Sectors

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In front of diplomats, scientists and environmentalists gathered by videoconference at the COP15 biodiversity summit in Kunming, China, the Chinese president launched a 200 million euro fund for the biodiversity of developing countries.

The 15th COP was devoted to the fight against the disappearance of species. This meeting lays the groundwork for a global agreement to halt and reverse the destruction of nature. The deal is expected to be finalized in May next year. On the occasion, the Chinese President, Xi Jinping, announced the launch of a fund endowed by Beijing with 200 million euros to support the protection of biodiversity in developing countries. "Developing countries need help and support and solidarity must be strengthened to allow developing countries to benefit more equitably," said the Chinese president, without giving more details, if not. is that the fund would also welcome contributions from other parties. According to experts, it would take around $1 trillion a year to build sustainable supply chains and help countries protect nature in other ways. This is a much higher amount than the $150 billion spent on this subject in 2019.

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