Question

“Nagoya Protocol” is related to which among the following?
(a) International Finance
(b) Biodiversity
(c) Pharmaceutical Industry
(d) Global Warming

Answer 1

Hint: This protocol provides a transparent legal framework for the effective implementation of fair and equitable sharing of benefits arising out of the utilization of genetic resources.

Complete answer:
The conservation of biological diversity (hereafter biodiversity) and the ability to continue to use biological resources sustainably are amongst the most pressing issues that the world currently faces. Balancing the protection of ecosystems, which involve a plethora of animal, plant, and microbial species, with sustainable development objectives, demands a scientific response at the international, regional, national, and sub-national levels by a myriad of actors.
The Nagoya Protocol on Access to Genetic Resources and also the Fair and Equitable Sharing of advantages Arising from their Utilization to the Convention on Biological Diversity also referred to as the Nagoya Protocol on Access and Benefit Sharing (ABS)  may be a 2010 supplementary agreement to the 1992 Convention on Biological Diversity (CBD) .
Its aim is the implementation of 1 of the three objectives of the CBD: the fair and equitable sharing of advantages arising out of the use of genetic resources, thereby donating to the conservation and sustainable utilization of biodiversity.
The objective of the Nagoya Protocol is to set an international, legally binding framework to market a transparent and effective implementation of the ABS concept at the regional, national, and local levels in the future.
So, the correct answer is ‘Biodiversity’.

Note: The adoption of the Protocol marks an important step towards the implementation of the Convention on Biological Diversity. The protocol was accepted on 29 October 2010 in Nagoya, Japan, and came into force on 12 October 2014.