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.