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SYLLABUS
GS-3: Conservation, environmental pollution and degradation, environmental impact assessment.
Context:
Recently, the National Biodiversity Authority (NBA) has released patent-linked Access and Benefit Sharing (ABS) funds amounting to ₹43.22 lakh.
More on the News
The funds were generated from Intellectual Property Rights (IPR) applications that utilised Indian biological resources for obtaining patents and commercialising the innovation.
The ABS amount has been disbursed to sixteen State Biodiversity Boards for onward release to the respective benefit claimers.
It marks a significant step in ensuring that benefits derived from innovations based on Indian biological resources are equitably shared, particularly with communities, knowledge holders, and custodians who have conserved these resources for generations.
The ABS, once transferred to the Biodiversity Management Committees (BMCs), will support biodiversity conservation, sustainable resource management, and community-based livelihood strengthening.
Biological Diversity Act, 2002
Institutional Framework: The Act establishes a three-tier governance structure comprising the National Biodiversity Authority (NBA) at the national level, State Biodiversity Boards (SBBs) at the state level, and Biodiversity Management Committees (BMCs) at local governance levels.
Functions of NBA:
Functions of BMCs:
Access and Benefit Sharing (ABS): A key mechanism ensuring that benefits arising from the use of biological resources and associated knowledge are equitably shared with local communities and custodians.
Conservation and Sustainable Use: It empowers the government to notify threatened species, biodiversity heritage sites, and regulate practices threatening biodiversity, including prohibiting unauthorized collection, trade, or export.

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