16th Conference of Parties (CoP-16) to Convention on Biological Diversity concluded in Colombia | Current Affairs | Vision IAS
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16th Conference of Parties (CoP-16) to Convention on Biological Diversity concluded in Colombia

Posted 05 Nov 2024

2 min read

It is first COP since adoption of Kunming-Montreal Global Biodiversity Framework (KMGBF), serving as critical platform to assess progress and address ongoing challenges to framework.

Major outcomes of CoP-16

  • Operationalisation of Cali Fund: Large companies benefiting from Digital Sequence Information to contribute a percentage of profit to support indigenous people. 
  • Agreement to establish a Permanent Subsidiary body: Under Article 8(j) of CBD to enhance participation of indigenous people in all processes of convention. 
  • Launch of Kunming Biodiversity Fund (KBF):  Supports accelerated action to deliver 2030 Agenda and SDG targets and 2050 goals of KMGBF.
  • Others: Discussions on synthetic biology, invasive alien species and identification of Ecologically or Biologically Significant Marine Areas etc.

About KMGBF

  • KMGBF (adopted in CoP-15, 2022, at Montreal Canada) includes four goals for 2050 and 23 targets for 2030. Targets address threats to biodiversity, meeting people's needs through sustainable use etc. Some of them being: 
    • 30-by-30 agreement  (protect 30% of land and water by 2030)
    • Reducing the introduction of invasive alien species by 50% by 2030. 
    • Formulate mechanism for “benefit-sharing from use of digital sequence information on genetic sources” and traditional knowledge

About Convention on Biological Diversity (CBD)

  • Secretariat: Montreal, Canada
  • Genesis: Opened for signature at United Nations Conference on Environment and Development (Rio "Earth Summit" 1992) and was enforced in 1993. 
  • Objectives: Ensuring conservation of biological diversity, sustainable use of its components, and fair and equitable sharing of benefits arising from use of genetic resources.
  • Parties: International legally binding treaty with 196 Parties (Including India)
  • Protocols under Convention: Nagoya Protocol on Access and Benefit-sharing ,Cartagena Protocol on Biosafety and Nagoya – Kuala Lumpur Supplementary Protocol
  • Tags :
  • CBD
  • KMGBF
  • COP-16
  • 30-By-30 Agreement
  • Cali Fund
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