Why in the News?
The Ministry of Environment, Forest and Climate Change released insights from India’s first national report on the Nagoya Protocol related to Access and Benefit Sharing (ABS), highlighting India’s progress in ensuring equitable sharing of benefits arising from biological resources.
About the Nagoya Protocol
- Adopted Under: Convention on Biological Diversity (CBD)
- Objective: To ensure Fair and equitable sharing of benefits arising from the utilisation of genetic resources and associated traditional knowledge.
What is Access and Benefit Sharing (ABS)?
- ABS means: Users of biological resources must share benefits with:
- Local communities
- Indigenous groups
- Traditional knowledge holders
- Benefits can include:
- Monetary compensation
- Technology transfer
- Community development
- Conservation support
Key Findings of the Report
- Large-Scale Implementation Between 2017 and 2025: 12,830 ABS approvals granted.
- India’s Global Contribution
- India issued:
- 3,556 Internationally Recognised Certificates of Compliance (IRCCs)
- Around 60% of global issuance.
- Revenue Generated: ₹216.31 crore realised by: National Biodiversity Authority (NBA)
- Community Benefit: ₹139.69 crore disbursed to benefit claimers and local communities.
[2023] Consider the following statements:
1. In Biodiversity the India, Management Committees are key to the realization of the objectives of the Nagoya Protocol.
2. The Biodiversity Management Committees have important functions in determining access and benefit sharing, including the power to levy collection fees on the access of biological resources within its jurisdiction.
Which of the statements given above is/are correct?
[A] 1 only
[B] 2 only
[C] Both 1 and 2
[D] Neither 1 nor 2
