Which of the following statements about the Cali Fund is INCORRECT?
1
The Cali Fund was launched in February, 2025 during the resumed session of Convention on Biological Diversity (CBD) COP16 in Rome, Italy.
2
The fund will receive contributions exclusively from government entities and international organizations.
3
At least 50% of the fund’s resources will be allocated to indigenous peoples and local communities.
4
The Cali Fund supports the Kunming-Montreal Global Biodiversity Framework (KMGBF) to halt and reverse biodiversity loss by 2030.