Biodiversity Conservation Gains: NBA's ABS Framework Yields Funds

Biodiversity Conservation Gains: NBA's ABS Framework Yields Funds.webp


The National Biodiversity Authority (NBA) has collected 2.40 crore rupees under the Access and Benefit-Sharing (ABS) framework in the last 45 days. The Ministry of Environment, Forest and Climate Change stated that this amount was received from entities in the seed, animal feed, and cosmetic sectors for activities related to research and commercial use of biological resources. The ministry added that under this framework, benefits will be shared with relevant institutions, local communities, farmers, Biodiversity Management Committees, and others. The ministry further stated that this system will support livelihood enhancement along with the conservation and sustainable use of biodiversity at the grassroots level.
 
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abs framework access and benefit-sharing animal feed sector benefit sharing biodiversity management committees biological resources commercial use cosmetic sector farmers local communities ministry of climate change ministry of environment ministry of forest national biodiversity authority research seed sector
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