11 Feb '18, 2am

Valuing and protecting #biodiversity in the Caribbean: Global Environment Facility

The Caribbean is a biodiversity hotspot. It has over 11,000 plant species, about 72 of which are found only in this region. Its diverse animal species include many exotic fish and birds. The world benefits from this biodiversity, so when these species are exploited for commercial use – for example in the manufacture of pharmaceuticals – source countries need to be compensated. ​The Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization came into effect in 2014 under the Convention on Biological Diversity. The Protocol creates greater legal certainty and transparency for both providers and users of genetic resources. “It provides a mechanism to ensure that benefits from the utilization of genetic resources are shared in a fair and equitable way, to support continued resource conservation and sustainable u...

Full article: https://www.thegef.org/news/valuing-and-protecting-biodiv...

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