Sinchana M. ,
Role of IPR in Protection of Biodiversity,
6 (3) IJLMH Page 2094 - 2105 (2023), DOI: https://doij.org/10.10000/IJLMH.115072
The survival of ecosystems which provide significant resource yields such as food production or medicinal substances is heavily dependent on conserving biological diversity- its components including varying plant species among others. Unfortunately, among threats facing it are activities ranging from human encroachment upon natural habitats to global climatic changes.
To address these challenges intellectual property rights (IPRs) have been proposed as suitable means of safeguarding it by setting incentives for innovation while promoting equitable distribution of benefits. This calls for unified global action to protect our biological endowment. Through this paper we assess the role of IPR in protecting biodiversity by analyzing frameworks governing them and interrogating their impact on conservation efforts.
In conclusion we find that IPR is central in conserving biodiversity although its effectiveness must be balanced against other policies aimed at supporting or improving conservation efforts. The promotion of innovation and creativity is just one of the many benefits IPR offers but it is important to acknowledge its potential impact on biodiversity conservation. In this paper we delve into how IPR can protect biodiversity and what that means for those invested in preserving our planets rich diversity.
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