The Cali Fund launches in the margins of the resumed session of COP16(2)

 

By Malini Shankar

Digital Discourse Foundation

Rome 25.02.2025



The Cali Fund has been officially launched at the Resumed Session of the 16th Conference of Parties of the United Nations’ Convention on Biological Diversity in Rome on Wednesday 25th February 2025. It seeks to create funding for DSI or Digital Sequence Information from contributions from Private Sector Companies that use plant and animal based resources for development of processed data ... be it in agriculture, floriculture, pharma or other man made industrial use of Natural Resources. With the launch of the Cali Fund Private Sector entities that use natural resources to make products commercially will have to donate a portion of their profits to DSI.

“Parties will work towards the adoption of a Strategy for Resource Mobilization to help secure $200 billion USD annually by 2030 from all sources to support biodiversity initiatives worldwide, including: increasing total biodiversity related international financial resources from developed countries, including official development assistance, and from countries that voluntarily assume obligations of developed country Parties, to developing countries, in particular the least developed countries and small island developing States, as well as countries with economies in transition, to at least $20 billion per year by 2025, and to at least $30 billion per year by 2030” according to an official Press Release. 

 


Comments

Post a Comment

Popular posts from this blog

Who wouldn't like to share benefits? But its about Sharing of Benefits from Common Property Resources and global Biological Heritage

  By Malini Shankar, Digital Discourse Foundation In the first part of the curtain raiser series we tried to comprehend the basic meaning and significance of Biodiversity that is at the heart of benefit sharing mechanisms of the Nogoya Protocol for instance. It is the attempt to protect Common Property Resources sustainably by the UNCBD or United Nations’ Convention on Biological Diversity. Today let’s try to figure the need for its governance.  "The Conference encompasses the 16th Meeting of the Conference of Parties serving as the meeting of parties to the Cartagena Protocol on Biosafety, and the fifth meeting of the Conference of Parties to the Nagoya Protocol on access to genetic resources, and the Fair and Equitable Sharing of Benefits from their Utilisation. It will include a high level ministerial segment." According to the official website of the UNCBD COP 16 Let us understand by example. The Kani tribes in Kerala shared a patent with the Tropical Botanical Garde...
Read more

Regreening the Planet one at a time please

Considering everything from regulated whaling to Sustainable Development to soil conservation to benefit sharing mechanism to indigenous peoples’ rights to Climate Change Adaptation, Human Wildlife Conflict Mitigation and more … all within the paradigms of Equitable growth, CITES, Human Rights, gender equality, Climate resilience, poverty eradication, gender sensitive land rights, are on the table at the United Nations Convention on Biodiversity in Cali Colombia, it certainly does not hurt to lend sharper focus to the Convention. The effort has been to focus sharply on SDGs 14, 15 and 17 for sure, but their corresponding targets and goals in themselves are a wide horizon. But what cannot be ignored is that if Humanity ignores Biodiversity Conservation Desertification will expand, threatening lives, livelihoods, food security and it will lead to irreversible damage to Planet Earth which is home to endangered fauna… whose habitat has been wantonly destroyed by adamant Humanity refusing...
Read more

Its Curtains for COP 16 OF UNCBD at Cali Colombia

  By Malini Shankar Digital Discourse Foundation Cali, Colombia 2.11.24 Curtains are drawn close at Cali Colombia for the 16 th Conference of Parties at the United Nations Convention on Biological Diversity. The “Parties” made a grand yet sincere attempt at putting People before the Planet – to be a democratic exercise. There are some bits of good news and some bad. There has been fiscal commitments to DSI or Digital Sequence Information, but Sandra Valenzuela of WWF said at a Press Conference on closing day that fiscal commitment is not the same thing as funding. If cop 16 does not resolve issues of funding we are sitting on a hot potato. COP 16 is all about implementation... 119 countries have submitted NBSAPs. 44 are revising. 65% have submitted NBSAPs. Except India, Iran, Russia and Argentina others have submitted national targets n NBSAPs. Resource mobilization arena nothing is agreed till everything is agreed. Global north n south have to agree ... New funds is not...
Read more