Nagoya Protocol on Biodiversity Received Necessary Ratifications
Nagoya Protocol, in the third week of July 2014, received the 50th instrument of ratification.
The Nagoya Protocol, in the third week of July 2014, received the 50th instrument of ratification which was mandatory for it. The Instrument of Ratification will become effective on 12 October 2014, i.e. 90 days after the completion of formalities required for ratification. The protocol is meant for creation of incentives for conservation of biodiversity.
Ratification of Nagoya Protocol: A Crucial Step for Achieving Global Aichi Biodiversity Targets
Union Minister for Environment, Forest & Climate explained receiving the ratification of Nagoya Protocol as crucial step meant for achievement of first of the international Aichi Biodiversity Targets. This also explained the leadership role played by India in context with biodiversity, on the global podium.
India as CoP President and Entry into Landmark International Treaty
It is important to note here that India was the host to Convention on Biodiversity in October 2012 in Hyderabad. Also, India, at present, is the President of the Conference of the Parties to the Convention on Biological Diversity. The early entry into this international treaty called Nagoya Protocol had therefore been of paramount importance to India as the President of CoP.
India’s Efforts in getting the treaty Signed
The Nagoya Protocol was ratified by only 44 countries as of May 2014. But India took the issue to UN Environment Assembly in Nairobi in June 2014 and through negotiations, got its way to signing of the treaty.
About Nagoya Protocol
• The Nagoya Protocol is primarily an international agreement.
• The aim of the protocol is to share the benefits which arise from the use of genetic resources in a fair and equitable way.
• The Protocol is also meant to create incentives, which in turn, shall be used for conservation and sustainable use of genetic resources.
• The Nagoya Protocol is meant to enhance the contribution of biodiversity to development as well as human being.
• The Protocol was adopted by the Conference of the Parties to the Convention on Biological Diversity at its 10th meeting in 2010 in Nagoya, Japan.
If you have any Question/Point on the above information, please ask/discuss it in the Current Affairs Group