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Saturday, January 29, 2022

Right standards create right incentives says CDB boss, Mrema - NaijaAgroNet

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The Executive Secretary, Convention on Biological Diversity (CBD) Elizabeth Maruma Mrema, has asserted that right standards create the right incentives, reports 
Elizabeth Mrema
Today, NaijaAgroNet reports that over 500 sustainability standards exist and are used for key global exports and imports. In addition to coffee and chocolate, these include tea, bananas, cocoa, palm oil, timber and cotton.
The standards, which are mostly voluntary, help consumers easily identify products that have been produced sustainably.

The UNCTAD-ISEAL workshop recently convened dozens of biodiversity negotiators, experts, importers, exporters and other stakeholders from more than 50 countries.

The discussions highlighted how the sustainable and legal trade of biodiversity-based products and services, such as BioTrade, can create the right incentives for the private sector to conserve and sustainably use biodiversity.

“The need for effective mechanisms, such as sustainability standards, that help shift unsustainable production and consumption patterns that are harmful to biodiversity is crucial,” she said at  report launch ahead of the workshop.

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