Abstract
Traditionally, the focus on valuation of biodiversity has largely been on the forest ecosystem – both in terms of goods and services. But development demands across India are changing both agricultural lands and wetlands, especially in peri-urban areas. The current practice of Environmental Impact Assessment (EIA) lacks any stipulation for assessing net present value (NPV) of these two vital ecosystems. The financial strength of the Biodiversity Management Committee (BMC) and the sustainable livelihood of local communities could only be established through the realization of fees for accessing genetic resources within its jurisdiction, based on true economic valuation of the bio-resources. The chapter provides an analysis of the current situation in India regarding Access and Benefit Sharing indicating the extent of initiative taken up by the country and also reveals some gap areas calling for immediate attention.
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Notes
- 1.
10 Lakh =100,000,0 = 1 million
1 Crore =100 Lakh
1 US $ = Rs.66.61
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Ghosh, A.K. (2017). Biodiversity, Access and Benefit Sharing in India: A Critical Analysis. In: Laladhas, K., Nilayangode, P., V. Oommen, O. (eds) Biodiversity for Sustainable Development. Environmental Challenges and Solutions, vol 3. Springer, Cham. https://doi.org/10.1007/978-3-319-42162-9_4
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