The Conference of the Parties (COP) to the Convention on Biological Diversity and the Conference of the Parties serving as the meeting of the Parties to the Nagoya Protocol first addressed the issue of digital sequence information (DSI) on genetic resources at their respective meetings held in December 2016.
In December 2022, at its fifteenth meeting, the COP decided to establish a multilateral mechanism for benefit-sharing from the use of DSI on genetic resources. Digital sequence information on genetic resources was also included in
Goal C and
Target 13 of the
Kunming-Montreal Global Biodiversity Framework.
At its
sixteenth meeting, COP, with decision
16/2 adopted the modalities for operationalizing the multilateral mechanism for the fair and equitable sharing of benefits from the use of DSI on genetic resources, including a global fund, as set out in the annex to the decision. The COP decided that the global fund will be known as the "Cali Fund for the Fair and Equitable Sharing of Benefits from the Use of Digital Sequence Information on Genetic Resources".
