Recognizing the Need of Commercialization of Biological Resources for their Conservation under the International Jurisprudence

Biodiversity Conservation has assumed much importance in discussions across the Globe. Awareness regarding the loss of biodiversity due to unregulated anthropogenic activities has led the world fraternity to adopt several legal mechanisms and incentives to counter such losses. There had been ideological differences in selecting the most suitable approach for the conservation and sustainable utilization of Biological Resources to protect Global Biodiversity. One such ideology that has been lately recognized but globally accepted is that commercialization in a sustainable manner will ensure better conservation of Biological Resources. This ideology has led to the adaptation of several incentives and approaches for ensuring the regulated commercialization of Biological Resources or sustainable Bio-Trading, studying which have become very important, since if such incentives or approaches failed to regulate the commercialization of Biological Resources or Bio-Trading sustainably then it may lead to further exploitation of such Biological Resources. This article will therefore try to analyze the relationship between the conservation and commercialization of Biological Resources and the incentives and measures adopted at the global level for maintaining such a relationship.