Consider the following statements about Nagoya Protocol 1 The objective of Nagoya Protocol is fair a...........

Environment and Ecology Environment- Institutional Structure

Consider the following statements about Nagoya Protocol

1.The objective of Nagoya Protocol is fair and equitable sharing of benefits arising out of the utilization of genetic resources.

2.The Protocol does not cover traditional knowledge (TK) associated with genetic resources.

Which of the statement/s given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

1 only

The objective of Nagoya Protocol is fair and equitable sharing of benefits arising out of the utilization of genetic resources.

This statement is correct. The primary objective of the Nagoya Protocol is indeed to achieve fair and equitable sharing of benefits arising from the utilization of genetic resources, with a particular focus on traditional knowledge associated with those resources.

The Protocol does not cover traditional knowledge (TK) associated with genetic resources.

This statement is incorrect. The Nagoya Protocol does cover traditional knowledge (TK) associated with genetic resources. It emphasizes the importance of ensuring the fair and equitable sharing of benefits not only for the utilization of genetic resources but also for associated traditional knowledge.

Therefore, the correct option is 1 only.

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