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The Kunming Biodiversity Fund will allocate US$21 million to implement nine new biodiversity conservation projects.
China’s Vice-Minister of Ecology and Environment Dong Baotong and UN Environment Programme Executive Director Inger Andersen announced the funding at a press conference during COP17.
Andersen said 31 projects had been approved since the fund began operating, with US$35 million already allocated for their implementation.
“We are proud to co-lead this fund. We must support developing countries in turning ideas into practical action. The projects announced today are an investment in nature conservation. Our shared commitment is to achieve the goals of the Kunming-Montreal Global Biodiversity Framework,” she said.
Andersen expressed hope that the fund would continue to expand, enabling it to support more countries.
Dong Baotong said the Kunming Biodiversity Fund’s primary objective was to help developing countries fulfil their international environmental commitments. He said around 40 projects were expected to receive funding under the fund’s third funding phase.
“The nine new projects have already been approved, while the selection of the remaining projects is continuing. The deadline for applications for the next round of the third phase is 15 November. Applications remain open, and we encourage all interested parties to submit their proposals. High-quality applications that were not selected in the previous phase may also be considered alongside newly submitted applications,” Dong Baotong added.