About Nagoya Protocol:
- The Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization (ABS) to the Convention on Biological Diversity is a supplementary agreement to the Convention on Biological Diversity.
- It was adopted on 29 October 2010 in Nagoya, Japan.
- It entered into force on 12 October 2014, 90 days after the deposit of the fiftieth instrument of ratification.
- It provides a transparent legal framework for the effective implementation of the fair and equitable sharing of benefits arising out of the utilization of genetic resources.
- India has ratified it in 2012.
- What it covers?
- It applies to genetic resources that are covered by the CBD, and to the benefits arising from their utilization.
- It covers traditional knowledge (TK) associated with genetic resources that are covered by the CBD and the benefits arising from its utilization.
Key Facts about Convention on Biological Diversity (CBD):
- It is the most comprehensive binding international agreement in the field of nature conservation and the sustainable use of natural resources.
- It was opened for signing at the UN Conference on Environment and Development in Rio de Janeiro in 1992.
- It has three overarching objectives:
- Conservation of biological diversity (genetic diversity, species diversity, and habitat diversity)
- Sustainable use of biological diversity
- Fair and equitable sharing of the benefits arising out of the utilisation of genetic resources.
