UN biodiversity talks in Cali end with key decisions on finance delayed ...Middle East

New Delhi: As the two-week negotiations at the United Nations biodiversity summit known as COP16 in the Colombian city of Cali have broken down amid calls to save nature from the current rapid rate of destruction, key decisions on finance were thwarted by developed countries. Among the notable achievements after 12-days of negotiations involving 196 nations was the launch of “Cali Fund” — sharing the benefits of digital genetic information. However, negotiators told IANS on Sunday that the developed world blocked the establishment of a biodiversity-related fund agreed at COP15 in Montreal in 2022 to establish a multilateral mechanism to share the benefits from the uses of digital sequence i

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