[Prelims Spotlight] UN International Sea Bed Authority, GEF

Here are  Back2Basics collections from today’s news items

B2B #1: From news- Govt. plans ‘ISRO-like’ ocean mission 

UN International Sea Bed Authority

  1. The International Seabed Authority (ISA) is an intergovernmental body that was established to organize, regulate and control all mineral-related activities in the international seabed area beyond the limits of national jurisdiction, an area underlying most of the world’s oceans
  2. It is an organization established by the Law of the Sea Convention
  3. It is based in Kingston, Jamaica
  4. Currently, the Authority has 167 members and the European Union, composed of all parties to the Law of the Sea Convention
  5. The Authority operates by contracting with private and public corporations and other entities authorizing them to explore, and eventually exploit, specified areas on the deep seabed for mineral resources essential for building most technological products

Here’s a Factoid to brush up your concepts

Name : GEF

Objective : Established on the eve of the 1992 Rio Earth Summit as a separate institution. Earlier was a part of WB. Partnership of 18 agencies. Financial mechanism for 5 conventions * Convention on Biological Diversity (CBD) * United Nations Framework Convention on Climate Change (UNFCCC) * UN Convention to Combat Desertification (UNCCD) * Stockholm Convention on Persistent Organic Pollutants (POPs) * Minamata Convention on Mercury The GEF, although not linked formally to the Montreal Protocol on Substances that Deplete the Ozone Layer (MP), supports implementation of the Protocol in countries with economies in transition.

Headquarters : Washington, United States of America

Year Founded : 1991

Category : Environment

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