Convention on Biological Diversity
The Convention on Biological Diversity was signed in Rio de Janeiro, Brazil, in 1992 to conserve biological diversity, promote the sustainable use of its components and encourage equitable sharing of the benefits arising out of the utilisation of genetic resources.
Under the Convention, parties are responsible for the formulation and implementation of strategies, plans and programmes for the conservation and sustainable us of biological diversity. They are also required to monitor the elements of biological diversity, determine the nature of the urgency required in the protection of each category and in sampling them, in terms of the risks to which they are exposed.
State Parties are obligated to provide research, training and general education, as well as to foster awareness in relation to measures for the identification, conservation and sustainable use of biological diversity. They are obligated to provide EIAs on projects that are likely to have significant adverse effects on biological diversity and provide financial support for the fulfillment of the objectives of conservation and sustainable use of biological diversity.