Economics and the Convention on Biological Diversity

Abstract

The Convention on Biological Diversity (CBD) is one of the global conventions on environmental conservation that came out of the 1992 UN Conference on Environment and Development in Rio de Janeiro, Brazil. By signing and ratifying the CBD, countries have agreed to support its goals and aims. The three main objectives of the CBD are the conservation of biological diversity, the sustainable use of its components, and the fair and equitable sharing of the benefits arising out of the utilisation of genetic resources. To achieve these objectives, the CBD includes 42 articles, each dealing with specific aspects of biodiversity conservation, sustainable use and equitable benefit sharing.