CONVENTION ON BIOLOGICAL DIVERSITY Sample Clauses

CONVENTION ON BIOLOGICAL DIVERSITY. 12.1 The Parties agree that they shall at all times comply with the Convention on Biological Diversity signed in 1992 at the Rio Earth Summit (“CBD”) in the implementation of this Agreement, to the extent the CBD is applicable.
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CONVENTION ON BIOLOGICAL DIVERSITY. The Convention on Biological Diversity (CBD), known informally as the Biodiversity Convention, is a multilateral treaty. The Convention has three main goals including: the conservation of biological diversity (or biodiversity); the sustainable use of its components; and the fair and equitable sharing of benefits arising from genetic resources. In other words, its objective is to develop national strategies for the conservation and sustainable use of biological diversity. It is often seen as the key document regarding sustainable development. The Convention was opened for signature at the Earth Summit in Rio de Janeiro on 5 June 1992 and entered into force on 29 December 1993. CBD has two supplementary agreements - Cartagena Protocol and Nagoya Protocol. The Cartagena Protocol on Biosafety to the Convention on Biological Diversity is an international treaty governing the movements of living modified organisms (LMOs) resulting from modern biotechnology from one country to another. It was adopted on 29 January 2000 as a supplementary agreement to the Convention on Biological Diversity and entered into force on 11 September 2003. The Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization (ABS) to the Convention on Biological Diversity is a supplementary agreement to the Convention on Biological Diversity. It provides a transparent legal framework for the effective implementation of one of the three objectives of the CBD: the fair and equitable sharing of benefits arising out of the utilization of genetic resources. The Nagoya Protocol on ABS was adopted on 29 October 2010 in Nagoya, Japan and entered into force on 12 October 2014, 90 days after the deposit of the fiftieth instrument of ratification. Its objective is the fair and equitable sharing of benefits arising from the utilization of genetic resources, thereby contributing to the conservation and sustainable use of biodiversity The notion of an international convention on bio-diversity was conceived at a United Nations Environment Programme (UNEP) Ad Hoc Working Group of Experts on Biological Diversity in November 1988. The subsequent year, the Ad Hoc Working Group of Technical and Legal Experts was established for the drafting of a legal text which addressed the conservation and sustainable use of biological diversity, as well as the sharing of benefits arising from their utilization with sovereign states and local communities. In 199...
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CONVENTION ON BIOLOGICAL DIVERSITY. The Convention on Biological Diversity was also concluded at UNCED. It requires states to adopt and carry out conservation policies to maintain biological diversity.
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