COP16 Aims for Global Deal on Genetic Information Use
Summary: At the COP16 summit in 2024, countries are negotiating a global deal on the use and compensation for Digital Sequence Information (DSI), which refers to the genetic data of living organisms. DSI is crucial for industries like pharmaceuticals and agriculture. Countries rich in biodiversity, like Brazil and India, seek fair compensation for the use of their genetic resources. The negotiations aim to set payment mechanisms and ensure fair distribution of profits, potentially generating
-10 billion annually. The agreement will also support conservation efforts while ensuring non-profit research retains free access to DSI.
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