The Cali Fund, set up to raise $1bn a year for biodiversity from drug companies, remains near empty

Big pharmaceutical companies have been accused of “free-riding on nature”, after a landmark biodiversity fund that invites businesses to put some of their profits back into conservation was left virtually empty.

The Cali Fund set out to raise $1bn (£750m) annually, by asking companies that profit from nature’s genetics to contribute towards conservation in low-income countries. But more than 18 months after the fund was launched, it remains far below this target.

The Cali Fund, set up to raise $1bn a year for biodiversity from drug companies, remains near empty

Big pharmaceutical companies have been accused of “free-riding on nature”, after a landmark biodiversity fund that invites businesses to put some of their profits back into conservation was left virtually empty.

The Cali Fund set out to raise $1bn (£750m) annually, by asking companies that profit from nature’s genetics to contribute towards conservation in low-income countries. But more than 18 months after the fund was launched, it remains far below this target.

Ereván, 22 oct (Prensa Latina) Las consecuencias económicas de la salida de Armenia de la Unión Económica Euroasiática (UEE) serían catastróficas, según resultados de un estudio publicado hoy por la Agencia de Calificación Euroasiática (ACE).

The post Armenia perdería casi la mitad de su PIB si sale de la UEE first appeared on Noticias Prensa Latina.