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Xi: China to commit 1.5b yuan to biodiversity fund

President Xi Jinping addresses the General Debate of the 76th Session of the United Nations General Assembly, via video link, on Sept 21. (PHOTO PROVIDED TO CHINA DAILY)

BEIJING – Chinese President Xi Jinping on Tuesday said China will take the lead by investing 1.5 billion yuan (about $233 million) to establish the Kunming Biodiversity Fund.

Xi made the remarks while addressing the leaders' summit of the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity via video link in Beijing.

Xi made the remarks while addressing the leaders' summit of the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity via video link in Beijing

The fund will be used to support developing countries in biodiversity protection, Xi said.

China calls on and welcomes all parties to make contributions to the fund, he added.

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 human 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.

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Xi also said that China will release implementation plans for peaking carbon dioxide emissions in key areas and sectors as well as a series of supporting measures.

The country will also put in place a "1+N" policy framework for carbon peak and carbon neutrality, he said.

China will continue to readjust its industrial structure and energy mix and vigorously develop renewable energy, the president said.

China will make faster progress in planning and developing large wind power and photovoltaic bases in sandy areas, rocky areas and deserts, said Xi, who revealed that the first phase of projects with an installed capacity of approximately 100 million kilowatts have recently started construction.

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Xi said China is moving faster to establish a protected areas system with national parks as the mainstay.

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.