Consider the following statements regarding the outcomes of the 16th Conference of the Parties (COP16) to the United Nations Convention on Biological Diversity (CBD):
1. A global levy was introduced on products derived from genetic data, with the proceeds allocated to conservation efforts.
2. A dedicated nature fund was established during COP16 to finance biodiversity conservation projects.
3. Indigenous communities were granted a formal role in conservation decision-making processes.

Which of the statements given above are correct?
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2, and 3

Question

Consider the following statements regarding the outcomes of the 16th Conference of the Parties (COP16) to the United Nations Convention on Biological Diversity (CBD):
1. A global levy was introduced on products derived from genetic data, with the proceeds allocated to conservation efforts.
2. A dedicated nature fund was established during COP16 to finance biodiversity conservation projects.
3. Indigenous communities were granted a formal role in conservation decision-making processes.

Which of the statements given above are correct?
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2, and 3

ONLiNE UPSC · Accepted Answer

Statement 1 is correct: A 0.1% fee was introduced on large biotechnology companies that derive genetic information from living organisms. This fee acknowledges that many life-saving medicines and genetic resources originate from biodiversity-rich areas, such as tropical rainforests. The collected fees are allocated to a newly established fund aimed at protecting nature, with 50% directed towards Indigenous communities.

Statement 2 is correct: During an extended session in Rome, participating countries officially agreed to create the Cali Fund. This fund aims to provide financial compensation to Indigenous peoples and countries with high biodiversity. It is supported by contributions from biotech companies that utilize digital sequence information (DSI) of native species for commercial purposes without permission. Companies meeting specific criteria are expected to contribute a portion of their profits or revenue to the fund on a voluntary basis, with half of the resources collected allocated to Indigenous communities.

Statement 3 is correct: Delegates agreed to form a subsidiary body recognizing Indigenous peoples' roles, including traditional environmental knowledge, in future conservation decisions. This body is co-chaired by representatives nominated by UN regional groups and Indigenous communities, ensuring their formal involvement in conservation decision-making processes

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United Nations Convention on Biological Diversity (CBD) - COP16 Outcomes

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M Question 1	⏱ 0
Consider the following statements regarding the outcomes of the 16th Conference of the Parties (COP16) to the United Nations Convention on Biological Diversity (CBD): 1. A global levy was introduced on products derived from genetic data, with the proceeds allocated to conservation efforts. 2. A dedicated nature fund was established during COP16 to finance biodiversity conservation projects. 3. Indigenous communities were granted a formal role in conservation decision-making processes. Which of the statements given above are correct? (a) 1 and 2 only (b) 1 and 3 only (c) 2 and 3 only (d) 1, 2, and 3