U.N. Biodiversity Summit, COP16, is set to take place in Cali, Colombia from October 21 to November 1, 2024.
- Nearly 200 countries are there to discuss strategies to combat the rapid destruction of nature.
- Goals at COP16
- Unified System: Establish a single, multilateral system to generate revenue for conservation from DSI usage.
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- DSI refers to the unique genetic codes and sequences found in all living organisms.
- Importance: These sequences are crucial for understanding how organisms develop and function.
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- DSI is vital for the conservation and sustainable use of genetic resources, particularly in food and agriculture.
- Research and Development: Scientists have been using genetic codes from plants, animals, and microbes to discover new products for pharmaceuticals and cosmetics.
- Biodiversity Concerns: Countries rich in biodiversity, like Brazil and India, want to ensure they receive compensation when companies exploit their natural resources.
- Economic Impact: Sectors using DSI contribute approximately $1.6 trillion annually, impacting industries like pharmaceuticals and agriculture.
- Product Development: DSI is vital for creating new medical treatments, including vaccines, and food products.
- Role in Research
- Fundamental Tool: DSI is crucial for environmental and biological research, aiding in the understanding of life’s molecular basis and evolution.
- Therapeutic Potential: It helps explore ways to manipulate genes for new therapies, cures for diseases, and alternative energy sources.
- Conservation Applications: DSI assists in taxonomy, risk assessment for threatened species, tracking illegal trade, identifying product origins, and conservation management.
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- Accelerated Research : DSI provides quick access to genetic information, speeding up research for scientists and institutions globally.
- Protecting Endangered Species: DSI is crucial for studying and conserving biodiversity, especially for species at risk of extinction.
- Research Opportunities: The digital nature of DSI facilitates research on plant genetics and the development of new medicines, benefiting industries that depend on genetic resources.
- Data Sharing and Collaboration : Publicly accessible DSI databases encourage international collaboration, allowing efficient knowledge sharing and contributing to global research projects.
- Lack of Benefit-Sharing Framework : Developing countries argue that open access to DSI lets developed nations profit from genetic data without giving fair compensation to the original countries or local communities.
- Intellectual Property Issues: DSI can lead to companies or nations patenting products developed from genetic data, raising questions about the rights of source nations and communities.
- Conservation vs. Commercialization: DSI could either help conserve biodiversity or lead to its exploitation, depending on how the information is used and whether benefits are shared fairly.
- Current Challenges
- Complex Legal Framework: Laws governing genetic material usage vary widely by country which complicates research and sharing.
- Limited Financial Benefits: Developing nations often see little profit from their biodiversity due to these regulations.
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Kunming-Montreal Global Biodiversity Framework (GBF)
- The GBF includes DSI in its targets. It aims for a balanced approach to biodiversity conservation and benefit-sharing, emphasizing the need for multilateral cooperation.
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Nagoya Protocol
- This protocol, part of the Convention on Biological Diversity, focuses on fair and equitable sharing of benefits from genetic resources, but does not fully address DSI.
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Access and Benefit-Sharing (ABS) Mechanisms
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- Various ABS frameworks try to govern the use of genetic resources, including DSI, but standardized international regulations for DSI are still being developed.
October 26, 2024
