Biodiversity fund, national parks and plans to achieve carbon goals 

China will take the lead by investing 1.5 billion yuan (about $233 million) to establish the Kunming Biodiversity Fund. 

Chinese President Xi Jinping made the announcement while addressing the leaders' summit of the COP15 via video link in Beijing on Tuesday. 

The fund will be used to support developing countries in biodiversity protection, Xi said, adding that China calls on and welcomes all parties to make contributions to the fund. 

To strengthen biodiversity protection, China is moving faster to establish a protected areas system with national parks as the mainstay, Xi noted. 

Over time, areas with the greatest importance to the natural ecosystem, and with the most unique natural landscapes, the most valuable natural heritage and the greatest biodiversity reserve will be included in the national parks system, he said. 

To achieve its carbon peak and neutrality targets, China will release implementation plans for peaking carbon dioxide emissions in key areas and sectors as well as a series of supporting measures, and will put in place a "1+N" policy framework for carbon peak and carbon neutrality, the president announced. 

China will continue to readjust its industrial structure and energy mix, vigorously develop renewable energy, and make faster progress in planning and developing large wind power and photovoltaic bases in sandy areas, rocky areas and deserts, Xi noted. 

Xi calls for joint efforts for humanity's high-quality development 

Xi called on countries around the world to join hands and start a new journey of high-quality development of humanity. 

The development of ecological civilization should be taken as a guide to coordinate the relationship between man and Nature, Xi stressed, adding that human activities need to be kept within the limits of the ecology and environment. 

Xi urged efforts to let green transition drive people's efforts to facilitate global sustainable development, and called for stepping up green international cooperation to share the fruits of green development among all countries. 

Stressing the need to better people's well-being to promote social equity and justice, Xi noted that international law should be the basis to uphold a fair and equitable international governance system. 

Xi also said that the new environmental protection targets people set need to be ambitious on the one hand and pragmatic and balanced on the other. 

Source：CGTN

Author：CGTN

Date：October 12, 2021