The first project of the South-South Cooperation Assistance Fund targeted at aid for Pakistan was launched on Nov 28, 2017 in Islamabad.
During his visit to the US in September, President Xi Jinping 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.
Experience with practical, affordable answers to carbon reduction will help many developing nations.
Officials and experts from some countries and international organizations, especially from developing countries, recently have praised China's announcement to establish a South-South cooperation fund on climate change.
The Chinese government will not contribute to the Green Climate Fund, preferring instead to establish a South-South Cooperation Fund to continue work with developing nations, chinadialogue has learned.
China will draw up management measures for the new South-South fund soon, Xie Zhenhua, head of the Chinese delegation to the United Nations climate change conference in Lima, Peru, said on Tuesday.