UN nature summit reaches deal on payment for use of genetic informationThe deal on using genetic data, officially called digital sequence information, will create a new fund for collecting and distributing the proceeds for use in nature conservation.
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A view of the closing session at the United Nations COP16 nature summit in Cali, Colombia, November 1, 2024.
Credit: Reuters Photo
Cali, Colombia: Countries at the UN COP16 nature talks in Colombia on Saturday agreed to how companies in sectors such as pharmaceuticals and cosmetics should pay for the use genetic information drawn from biodiversity in their research and development.
The deal on using genetic data, officially called digital sequence information, will create a new fund for collecting and distributing the proceeds for use in nature conservation.