What is the Convention on Biological Diversity (CBD)?
Recognizing that Earth's biological resources are vital to humanity's economic and social development, United Nations Environment Programme (UNEP) convened in 1988 an Ad Hoc working group of experts to explore the need for an international convention on biological diversity. Its work culminated with the adoption of a text at the Nairobi Conference, later signed on by world leaders gathered in 1992 for the Earth Summit in Rio de Janeiro, Brazil . The Convention on Biological Diversity (CBD) has 168 signature and entered into force on 29 December 1993. It has 3 main objectives:
- The conservation of biological diversity
- The sustainable use of the components of biological diversity
- The fair and equitable sharing of the benefits arising out of the utilization of genetic resources
The CBD is currently the main body responsible for advancing the conservation of biodiversity. BioTrade activities are framed within the global conservation and development objectives established by the CBD. To support the efforts of UEBT, the CBD and UEBT signed a Memorandum of Understanding in December 2008, to encourage companies involved in BioTrade to adopt and promote good practices.
The UEBT Biodiversity Barometer, UEBT's flagship consumer report, tracking biodiversity awareness around the world, is one of the instruments used to track progress in "Target 1' of the UN Convention on Biological Diversity (CBD).