The Convention on Biological Diversity rests on three objectives, the third being fair benefit-sharing

Background

The Convention on Biological Diversity (CBD) entered into force on 29 December 1993. It has three main objectives. The first is the conservation of biological diversity. The second is the sustainable use of the components of biological diversity. The third is the fair and equitable sharing of the benefits arising out of the utilization of genetic resources. The Convention's supreme governing body is the Conference of the Parties, supported by a Subsidiary Body on Implementation and a Subsidiary Body on Article 8(j). Its periodic flagship assessment is the Global Biodiversity Outlook, and the International Day for Biological Diversity is observed under it.