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Pharmaceutical firms accused of free-riding on nature as biodiversity fund raises just $7,000
Original: Big pharma accused of ‘free-riding on nature’ as global fund attracts just $7,000 https://www. theguardian.com/environme
Pharmaceutical companies are being accused of profiting from genetic resources found in nature while contributing almost nothing to a global conservation fund set up under the UN biodiversity framework. The fund, discussed at the COP17 biodiversity summit in Cali, has attracted only around $7,000 in contributions, far short of the billions needed. Critics say the failure to pay undermines efforts to share benefits fairly from nature-derived medicines.
Why now: The stark gap between big pharma's profits from natural compounds and the fund's tiny $7,000 total is drawing attention at the COP17 biodiversity summit.
pharmaceutical industryCOP17 biodiversity summitCaliUN biodiversity fund
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Evidence
- Big pharma accused of ‘free-riding on nature’ as global fund attracts just $7,000 https://www. theguardian.com/environment/20 26/oct/22/cop17-cali-conservation-fund-pharmaceutical-freeriding-nature-aoe # PharmaceuticalsIndustry # Conservation # Cop17BiodiversitySummit #… · theguardian_science@halo.nu · 4
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