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Consider the following statements:
The Convention on Biological Diversity (CBD) is a non-legally binding multilateral environmental agreement.
The CBD provides for equitable sharing of benefits arising from the utilization of traditional knowledge, and practices, with holders of such knowledge.
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
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements: The Convention on Biological Di...
- The Convention on Biological Diversity (CBD) is a legally binding multilateral environmental agreement that has 194 contracting Parties (Countries) as its members with three objectives – conservation of biological diversity, sustainable use of the diversity and ensuring fair and equitable sharing of benefits of such use. It has entered into force in 1993.
- The CBD provides sovereign rights over their biological resources, and requests countries would facilitate access to the genetic resources by other parties subject to national legislation and on mutually agreed terms. The CBD also provides for equitable sharing of benefits arising from the utilization of traditional knowledge, and practices, with holders of such knowledge. This has made it necessary for a legislation to be put in place, which lays down the framework for providing access, for determining the terms of such access and for ensuring the equitable sharing of benefits.
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Consider the following statements: The Convention on Biological Di...
Explanation:
The correct answer is option 'B', which states that only statement 2 is correct.
Statement 1: The Convention on Biological Diversity (CBD) is a non-legally binding multilateral environmental agreement.
The Convention on Biological Diversity (CBD) is an international treaty that was adopted in 1992 and entered into force in 1993. It aims to promote the conservation of biological diversity, the sustainable use of its components, and the fair and equitable sharing of benefits arising from the utilization of genetic resources. The CBD is indeed a multilateral environmental agreement, which means that it is a legally binding treaty that has been signed and ratified by multiple countries. However, it is important to note that the CBD itself is not legally binding on its own. Instead, it provides a framework for countries to develop their own national legislation and policies to implement its objectives. Therefore, statement 1 is incorrect.
Statement 2: The CBD provides for equitable sharing of benefits arising from the utilization of traditional knowledge, and practices, with holders of such knowledge.
This statement is correct. One of the key objectives of the CBD is to ensure the fair and equitable sharing of benefits arising from the utilization of genetic resources, including traditional knowledge associated with those resources. Traditional knowledge refers to the knowledge, innovations, and practices of indigenous and local communities that have been developed over generations. The CBD recognizes the importance of traditional knowledge in the conservation and sustainable use of biodiversity and encourages its protection and promotion. It also calls for the fair and equitable sharing of benefits derived from the commercial utilization of genetic resources and associated traditional knowledge. This includes the sharing of monetary benefits, as well as access to and transfer of technology and know-how. Therefore, statement 2 is correct.
In conclusion, only statement 2 is correct. The CBD is a non-legally binding multilateral environmental agreement that provides for the equitable sharing of benefits arising from the utilization of traditional knowledge, and practices, with holders of such knowledge.
The correct answer is option 'B', which states that only statement 2 is correct.
Statement 1: The Convention on Biological Diversity (CBD) is a non-legally binding multilateral environmental agreement.
The Convention on Biological Diversity (CBD) is an international treaty that was adopted in 1992 and entered into force in 1993. It aims to promote the conservation of biological diversity, the sustainable use of its components, and the fair and equitable sharing of benefits arising from the utilization of genetic resources. The CBD is indeed a multilateral environmental agreement, which means that it is a legally binding treaty that has been signed and ratified by multiple countries. However, it is important to note that the CBD itself is not legally binding on its own. Instead, it provides a framework for countries to develop their own national legislation and policies to implement its objectives. Therefore, statement 1 is incorrect.
Statement 2: The CBD provides for equitable sharing of benefits arising from the utilization of traditional knowledge, and practices, with holders of such knowledge.
This statement is correct. One of the key objectives of the CBD is to ensure the fair and equitable sharing of benefits arising from the utilization of genetic resources, including traditional knowledge associated with those resources. Traditional knowledge refers to the knowledge, innovations, and practices of indigenous and local communities that have been developed over generations. The CBD recognizes the importance of traditional knowledge in the conservation and sustainable use of biodiversity and encourages its protection and promotion. It also calls for the fair and equitable sharing of benefits derived from the commercial utilization of genetic resources and associated traditional knowledge. This includes the sharing of monetary benefits, as well as access to and transfer of technology and know-how. Therefore, statement 2 is correct.
In conclusion, only statement 2 is correct. The CBD is a non-legally binding multilateral environmental agreement that provides for the equitable sharing of benefits arising from the utilization of traditional knowledge, and practices, with holders of such knowledge.
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Consider the following statements: The Convention on Biological Diversity (CBD) is a non-legally binding multilateral environmental agreement. The CBD provides for equitable sharing of benefits arising from the utilization of traditional knowledge, and practices, with holders of such knowledge. Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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