Home » News » Cali fund created for use of genetic resources in COP16

Cali fund created for use of genetic resources in COP16

Cali. After more than 12 hours of discussions, delegates to the United Nations Conference on Biodiversity (COP16) agreed today here to create the so-called Cali Fund, which establishes payments for the use of digitized genetic sequences.

One of the most important objectives of the financial mechanism will be to guarantee access to the benefits obtained from the use of genetic information on biodiversity to the countries from which these data come.

The nations participating in the event agreed that industries such as pharmaceuticals and cosmetics, which are the ones that most use these DNA sequences to develop products, must contribute financially so that the supplier States can invest in protecting and conserving their biological diversity.

According to what the president of COP16 and Minister of the Environment of Colombia, Susana Muhamad, wrote in her genetic.

This was one of the topics of discussion at the Conference that should have come to an end the day before but which ultimately saw its sessions extended until this morning.

The COP16 deliberations were held at the Pacific Valley Events Center where the Blue Zone was installed, attended by more than 170 delegations and a number that exceeded 20 thousand people.

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