Cali Fund Latest News
Recently, the ‘Cali Fund’ was launched at the resumed 16th Conference of Parties (COP16) to the United Nations Convention on Biological Diversity (CBD) in Rome.
About Cali Fund
- It is a new international fund which has been created to help protect biodiversity.
- It will collect money from private companies. These companies use genetic data from nature in their businesses.
- The Cali Fund will receive money from businesses that rely on Digital Sequence Information (DSI).
- DSI includes genetic data from plants, animals, and microorganisms. Industries like pharmaceuticals, cosmetics, agriculture, and biotechnology use DSI to develop products.
- Under this new system, they will now have to contribute a part of their revenue to support biodiversity efforts.
- The money collected will be used in several ways.
- It will support biodiversity conservation projects, help developing countries implement their biodiversity action plans, and fund scientific research to improve how genetic data is stored and used.
- At least 50 per cent of its resources will go to indigenous peoples and local communities, recognising their crucial role in protecting nature.
- This is the first time that a global biodiversity fund under the UN will receive direct contributions from businesses.
- This fund will be managed by the United Nations Development Programme (UNDP) and United Nations Environment Programme.
Significance of Cali Fund
- This marks an important step in ensuring industries benefiting from biodiversity also contribute to its conservation.
- It is seen as a key step towards meeting the Kunming-Montreal Global Biodiversity Framework (KMGBF) goal of stopping and reversing biodiversity loss by 2030.
Cali Fund FAQs
Q1. What is the UN Convention on Biological Diversity 1992?
Ans. 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.
Q2. Where is the United Nations Environment Programme headquarters situated?
Ans. Nairobi, Kenya
Source: DTH
Last updated on June, 2025
→ UPSC Notification 2025 was released on 22nd January 2025.
→ UPSC Prelims Result 2025 is out now for the CSE held on 25 May 2025.
→ UPSC Prelims Question Paper 2025 and Unofficial Prelims Answer Key 2025 are available now.
→ UPSC Calendar 2026 is released on 15th May, 2025.
→ The UPSC Vacancy 2025 were released 1129, out of which 979 were for UPSC CSE and remaining 150 are for UPSC IFoS.
→ UPSC Mains 2025 will be conducted on 22nd August 2025.
→ UPSC Prelims 2026 will be conducted on 24th May, 2026 & UPSC Mains 2026 will be conducted on 21st August 2026.
→ The UPSC Selection Process is of 3 stages-Prelims, Mains and Interview.
→ UPSC Result 2024 is released with latest UPSC Marksheet 2024. Check Now!
→ UPSC Toppers List 2024 is released now. Shakti Dubey is UPSC AIR 1 2024 Topper.
→ Also check Best IAS Coaching in Delhi
