Context:
Cali Fund was launched at the COP16 to the United Nations Convention on Biological Diversity (CBD).
Cali Fund:
- Aim – To boost biodiversity finance for the Fair and Equitable Sharing of Benefits from the use of Digital Sequence Information on Genetic Resources (DSI).
- DSI is the data from DNA or RNA that can be stored digitally.
- Objectives –
- To mobilize funding from the private sector for biodiversity action.
- Supports the implementation of the Kunming-Montreal Global Biodiversity Framework (KMGBF).
- Managed by – United Nations Development Programme (UNDP) and United Nations Environment Programme (UNEP).
- Hosted by the Multi-Partner Trust Fund Office (MPTFO).
- The Cali Fund Secretariat is hosted by the CBD Secretariat.
- Funding Mechanism – Receives contributions from private sector entities making commercial use of DSI.
- Beneficiaries – At least 50% of the resources are allocated to the self-identified needs of indigenous peoples and local communities, including women and youth.
- Exemptions – Academic institutions, public databases, public research institutions, and companies not relying on DSI are exempt from contributions to the Cali Fund.
Source: DTE
Previous Year Question
Consider the following pairs:
Terms have sometimes seen in the news Their origin
1. Annex-I Countries Cartagena Protocol
2. Certified Emissions Reductions Nagoya Protocol
3. Clean Development Mechanism Kyoto Protocol
which of the pairs given above is/are correctly matched?
[UPSC Civil Services Exam – 2016 Prelims]
(a) 1 and 2 only
(b) 2 and 3 only
(c) 3 only
(d) 1, 2 and 3
Answer: (c)
Explanation:
Option 1 is not correct:
Annex I countries comes under Kyoto Protocol
Cartagena Protocol – convention that governs the international movement of living-modified organisms (LMOs).
Option 2 is not correct:
Nagoya Protocol – to ensure that the benefits of using genetic resources and traditional knowledge are shared in a fair and equitable way.