China South-South Climate Cooperation Fund

China South-South Climate Cooperation Fund

Release Date : 2018-01-24 16:52:43     Source: China Daily

[Brief Introduction]

During President Xi Jinping’s visit to the US in September in 2015, he announced that China would set up a China South-South Climate Cooperation Fund to provide 20 billion yuan ($3.1 billion) to help developing countries tackle climate change.

Developing countries, especially the partners in the South-South Cooperation, will be the beneficiaries of the fund.

As the world's largest developing country, China has been an active advocate and participant of South-South Cooperation. Under the framework of the Cooperation, China has provided assistance to developing nations through the sharing of development experience and professional knowledge, including the assistance on climate issues.

In 2011, China launched a three-year climate change cooperation project to support the least developed countries including the small island countries and some African countries to tackle climate issues.

China has also signed a memorandum of understanding with more than 10 countries such as Grenada, Ethiopia, Maldives, Samoa and Uganda and has provided assistance to them by giving them energy-saving and low carbon products and capacity-building trainings.


Editor: Han Shuang

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