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French insurer Axa said on Thursday it will invest 1.5 billion euros ($1.74 billion) to support sustainable forest management as part of new commitments to fight deforestation and preserve biodiversity.
China's environment minister announced on Wednesday over 100 countries have signed the Kunming Declaration to "mainstream" biodiversity protection in decision-making.
Chinese Environment Minister Huang Runqiu tells delegates to the United Nations Biodiversity Conference in Kunming that the declaration is a document of political will, not a binding international agreement
The Kunming Declaration was adopted Wednesday at the ongoing 15th meeting of the Conference of the Parties to the Convention on Biological Diversity (COP15) in Kunming, Southwest China's Yunnan province.
Amid an unprecedented extinction event, scientists have warned that protecting biodiversity is essential to protecting human life. However, experts are unsure whether China has the experience to lead a global effort.