UN biodiversity decision 16/2 is ‘unencumbered by economic thinking’ (analysis)

The analysis by Joseph Henry Vogel from the University of Puerto Rico discusses Decision 16/2 of the CBD COP, focusing on fair payment for genetic information. The author proposes “bounded openness over natural information” for equitable benefit sharing. Decision 16/2 lacks economic thinking, but an alternative modality is suggested for COP17. The article highlights the importance of economic considerations in benefit sharing and the need for a more inclusive approach to ensure fair compensation for Indigenous communities.

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