China commits to green transition and biodiversity funding at Beijing meeting

benzinga.com October 16, 2024, 02:00 AM UTC

Summary: China has committed to enhancing its ecological systems and global environmental governance during a recent meeting in Beijing. The event, attended by around 400 participants, focused on cooperation for a cleaner world and included discussions on green development and digital technology's role in climate adaptation.

An official announced that 50 million yuan ($7 million) from the Kunming Biodiversity Fund will support biodiversity projects ahead of the upcoming COP16 conference. The meeting also highlighted China's advancements in renewable energy, despite ongoing reliance on coal and heavy industries.

Experts emphasized the need for climate finance for developing nations and the importance of protecting marine ecosystems. China has implemented various laws and guidelines to improve marine environments and discussed the Belt and Road Initiative's role in sustainable development.

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