Convention on Biological Diversity (CBD),1992
- CBD, 1992 is a multilateral treaty adopted at the 1992 Rio Earth Summit.
- The treaty that entered into effect in 1993 is legally binding.
- 195 UN states and the European Union are parties to the convention; India is a party to it.
- The Convention has three main goals:
- Conservation of biological diversity (or biodiversity)
- Sustainable use of its components
- Fair and equitable sharing of benefits arising from genetic resources
- Under CBD, two protocols have been adopted:
- Cartagena Protocol on biosafety (2003)
- Nagoya Protocol on access and benefit sharing (2014)
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Kunming-Montreal Global Biodiversity Framework (KMGBF)
- KMGBF was adopted in the 15th COP to the UN Convention on Biological Diversity (CBD).
- It set goals and targets for protecting biodiversity and halting its loss.
- The framework, which is not legally binding, sets out 4 goals for 2050 and 23 targets for 2030.
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Global Biodiversity Framework Fund (GBFF)
- GBFF is the world’s new biodiversity framework fund.
- GBFF was established at the 7th Assembly of the Global Environment Facility (GEF).
- It will help countries achieve targets set under the KMGBF.
Global Environment Facility (GEF)
- The GEF was established on the eve of the 1992 Rio Earth Summit.
- It is a family of funds dedicated to confronting biodiversity loss, climate change, pollution, and land and ocean health strains.
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