COP biodiversity: intense negotiations to save the Cali fund for nature protection

The Cali fund, aimed at redistributing profits from digital sequencing data, has raised only $10,000 so far, disappointing many at COP17 in Armenia. Initially expected to generate billions annually, its success relies on participation from major pharmaceutical and cosmetic companies. Observers express concern over its viability without significant contributions, emphasizing the need for progress at the conference to maintain credibility in biodiversity efforts.