Diálogo China
January 25, 2022
During the first part of the COP15 Biodiversity Conference, held virtually in October 2021, Chinese president Xi Jinping launched a 1.5 billion yuan (US$233 million) fund for the protection of fauna and flora in developing countries.
With the second part of the convention due to take place in April this year, there are high expectations that the Kunming Fund, named after COP15’s host city in Yunnan province, southern China, could be a new source of green finance for Latin America, a region that is home to 40% of the world’s biodiversity.
The China Biodiversity Conservation and Green Development Foundation (CBCGDF) was the first organisation to announce a donation to the fund. Other NGOs have followed suit. Maggie Ma, a spokesperson for the foundation, told Diálogo Chino that they are still waiting for information from the Chinese government on how to conclude their transfer of 1 million yuan ($158,000) but that they believe funds can be leveraged for the more sustainable use of tropical forests.