Why Discuss Genetic Information at a Nature Summit?
Genetic information is crucial for understanding biodiversity and developing new products in medicine and other industries.
Countries rich in biodiversity want to ensure they are compensated for the use of their genetic resources.
Current laws governing genetic material are complex and vary by country, complicating research and revenue generation.
Why is it Called ‘Digital Sequence Information’?
Advances in technology allow rapid sequencing of genetic codes, which are then digitized and stored in public databases.
This term refers specifically to the genetic sequences, not the physical samples of organisms.
Why is DSI Important to Companies?
DSI is key for product development in industries like pharmaceuticals, cosmetics, and agriculture.
Companies rely on DSI for innovations, including medical treatments and new food products.
A streamlined payment system for DSI use could enhance legal clarity for businesses.
What Might a Deal at COP16 Look Like?
Negotiations are focused on who pays for DSI, how much, and how proceeds are used.
A potential model could charge a percentage of revenue from companies using DSI, rather than per-use fees.
Funds generated could support conservation projects or directly benefit biodiverse countries.
How Much Money Could This Deal Generate?
A U.N. study estimates that a charge of 0.1% to 1% on revenues could raise between $1 billion and $10 billion annually.
This revenue could support conservation efforts and assist poorer nations in developing their genetic research capabilities.
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