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Question

What is the primary objective of the newly launched Cali Fund at COP16?

The correct answer is

To ensure financial contributions from private companies benefiting from genetic data

Why in the News?

“Global Push for Biodiversity: Cali Fund Launched at COP16 to Secure Industry Contributions”

The Cali Fund, launched at COP16, ensures private companies benefiting from genetic data contribute financially to biodiversity conservation. This initiative aligns with the Kunming-Montreal Global Biodiversity Framework (KMGBF) to halt and reverse biodiversity loss by 2030 through sustainable financing.

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