Consider the following statements:
1. In India, the Biodiversity Management Committees are key to the realization of the objectives of the Nagoya Protocol.
2. The Biodiversity Management Committees have important functions in determining acces 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?
The correct answer is (c), both 1 and 2. The Biodiversity Management Committees (BMCs) are key to the realization of the objectives of the Nagoya Protocol, as they are responsible for promoting conservation, sustainable use and documentation of biological diversity. They also 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. The BMCs also have the power to levy collection fees on the access of biological resources within its jurisdiction. The collection fees are used for the conservation and sustainable use of biological resources.