Q. Recently, a fund called the “Cali Fund” was established at the UN’s Convention on Biological Diversity (CBD) Summit. The aim of the fund is to:

[A] Support global initiatives to counter deforestation in biodiversity hotspots and provide financial aid to countries with critically endangered forests.

[B] Provide financial aid to pharmaceutical companies for the development of synthetic alternatives to natural genetic resources.

[C] Ensure equitable sharing of profits derived from digitally sequenced genetic data with the communities where the genetic resources originate.

[D] Fund research and development for innovative technologies to monitor and prevent the spread of invasive species in tropical and subtropical regions.

Answer: C
Notes:

Explanation – The “Cali Fund” was established at the UN’s Convention on Biological Diversity (CBD) Summit in Cali, Colombia, as part of the 16th United Nations Biodiversity Conference (COP16). The primary goal of the Cali Fund is to ensure equitable sharing of profits derived from digitally sequenced genetic data with the communities where the genetic resources originate. This mechanism aligns with one of the key objectives of the CBD, which is to share the benefits arising from the utilization of genetic resources fairly and equitably. The fund aims to allocate at least half of its resources to Indigenous Peoples and local communities, either directly or through government channels.

Source: The Hindu

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