{"id":30400,"date":"2025-02-27T12:25:53","date_gmt":"2025-02-27T06:55:53","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=30400"},"modified":"2025-04-10T10:29:39","modified_gmt":"2025-04-10T04:59:39","slug":"cali-fund","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/cali-fund\/","title":{"rendered":"Cali Fund"},"content":{"rendered":"<h2>Cali Fund Latest News<\/h2>\n<p>Recently, the \u2018Cali Fund\u2019 was launched at the resumed 16th Conference of Parties (COP16) to the United Nations Convention on Biological Diversity (CBD) in Rome.<\/p>\n<h2>About Cali Fund<\/h2>\n<ul>\n<li>It is a new international fund which has been created to <strong>help protect biodiversity.<\/strong><\/li>\n<li>It will <strong>collect money from private companies<\/strong>. These companies use genetic data from nature in their businesses.<\/li>\n<li>The Cali Fund will receive money from businesses that rely on <strong>Digital Sequence Information<\/strong> (DSI).\n<ul>\n<li>DSI includes genetic data from plants, animals, and microorganisms. Industries like pharmaceuticals, cosmetics, agriculture, and biotechnology use DSI to develop products.\u00a0<\/li>\n<\/ul>\n<\/li>\n<li>Under this new system, they will now have to contribute a <strong>part of their revenue to support biodiversity efforts.\u00a0<\/strong><\/li>\n<li>The money collected will be used in several ways.\n<ul>\n<li>It will support <strong>biodiversity conservation projects<\/strong>, help developing countries implement their biodiversity action plans, and fund scientific research to improve how genetic data is stored and used.\u00a0<\/li>\n<li>At least 50 per cent of its resources will go to indigenous peoples and local communities, recognising their crucial role in protecting nature.<\/li>\n<\/ul>\n<\/li>\n<li>This is the first time that a global biodiversity fund under the UN will receive direct contributions from businesses.\u00a0<\/li>\n<li>This fund will be managed by the <strong>United Nations Development Programme<\/strong> (UNDP) and <strong>United Nations Environment Programme<\/strong>.<\/li>\n<\/ul>\n<h2>Significance of Cali Fund<\/h2>\n<ul>\n<li>This marks an important step in ensuring <strong>industries benefiting<\/strong> from <strong>biodiversity also contribute to its conservation.<\/strong><\/li>\n<li>It is seen as a key step towards <strong>meeting the Kunming-Montreal Global Biodiversity Framework (KMGBF) <\/strong>goal of stopping and reversing biodiversity loss by 2030.<\/li>\n<\/ul>\n<h2>Cali Fund FAQs<\/h2>\n<p><strong>Q1.<\/strong> What is the UN Convention on Biological Diversity 1992?<\/p>\n<p><strong>Ans.<\/strong> The United Nations Convention on Biological Diversity (CBD) was signed in 1992 at the Earth Summit in Rio de Janeiro, Brazil. It establishes a legal framework to conserve biodiversity and promote sustainable development.\u00a0<\/p>\n<p><strong>Q2.<\/strong> Where is the United Nations Environment Programme headquarters situated?<\/p>\n<p><strong>Ans.<\/strong> Nairobi, Kenya<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.downtoearth.org.in\/wildlife-biodiversity\/cali-fund-launched-at-cbd-cop16-in-rome-to-boost-biodiversity-finance\" target=\"_blank\" rel=\"nofollow noopener\">DTH<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cali Fund is a new international fund which  has been created to help protect biodiversity<\/p>\n","protected":false},"author":5,"featured_media":30401,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-30400","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/30400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=30400"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/30400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/30401"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=30400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=30400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=30400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}