National Biodiversity Authority Enhances Implementation of Biological Diversity Act
NBA approves measures to strengthen implementation of Biological Diversity Act
News 18
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The National Biodiversity Authority (NBA) in India has approved measures to strengthen the Biological Diversity Act, 2002. Key changes include streamlined procedures for Access and Benefit Sharing (ABS) funds and revised guidelines for biological resource repositories, aimed at enhancing biodiversity conservation and management.
- 01NBA has approved measures to enhance the Biological Diversity Act, 2002.
- 02Streamlined procedures for Access and Benefit Sharing (ABS) funds have been introduced.
- 03A standard sharing formula of 30% to institutions and 70% to the NBA has been established.
- 04Revised guidelines for repositories focus on safe custody and management of biological specimens.
- 05These measures aim to support biodiversity conservation and socio-economic development.
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On April 17, 2023, the National Biodiversity Authority (NBA) in India approved a series of measures to enhance the implementation of the Biological Diversity Act, 2002. These measures include streamlined procedures for the utilization of Access and Benefit Sharing (ABS) funds, which are generated when biological resources, such as plants and microorganisms, are commercially utilized. The funds will be allocated with a standard sharing formula, directing 30% to institutions or repositories and 70% to the NBA. This allocation will support biodiversity conservation initiatives at the state and union territory levels. Additionally, the NBA has revised guidelines for repositories to ensure robust documentation practices and proper management of biological specimens. These steps are designed to facilitate socio-economic development in areas where biological resources are sourced, ultimately enhancing the conservation and sustainable use of biodiversity in India.
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These measures will ensure that funds generated from biodiversity resources are effectively utilized for conservation efforts and socio-economic development in local communities.
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