Current Affairs Exam

China sets up $233 million Kunming Biodiversity fund

China pledged to inject $233 million into a new fund called Kunming Fund for the protection of biodiversity in developing countries, recently.

This decision was taken during a key UN conservation summit, even though major donors disagreed on it.

China pledged as it the worlds biggest polluter and seeks to play a prominent role internationally on Biodiversity conservation.

The funding issue for the Kunming Biodiversity Fund will be taken up in January 2022 at negotiations in Geneva. Chinas pledge is below the $4 billion committed by Britain for conservation projects across the world as well as Frances commitment to spend 30 percent of its Climate finance on protection of biodiversity.

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