Christiana Figueres, executive secretary of the United Nations Framework Convention on Climate Change, at the South-South Cooperation on Climate Change Forum in Lima, Peru, on Monday. Photo by LAN LAN/ CHINA DAILY

The Secretariat of the United Nations Framework Convention on Climate Change (UNFCCC) is going to open up a South-South Fund, inspired by the leadership of China, said Christiana Figueres, executive secretary of the UNFCCC.

The new fund will mainly focus on areas such as knowledge-sharing and technology-needs assessment, she said at the South-South Cooperation on Climate Change Forum on Monday.

China announced it would establish a South-South Cooperation Fund to help developing countries address climate change, and, starting with next year, double its aid to those countries.

"It's a very good initiative that we've very much welcomed," Figueres said.

The climate change talks in Peru have entered their second week with the arrival of ministers.

"We always would like to see more urgency, but there are many more things coming forward," Figueres said on the sidelines of the forum. "Absolutely, the pace is picking up."

lanlan@chinadaily.com.cn