Sustainable Development, CBD, and IPR
One of the landmark outcomes of Earth Summit was the ‘Convention on Biological Diversity’ which calls upon parties to conserve and sustainably use biological diversity while equitably sharing the benefits of the use of genetic resources. The chapter explores the role of IPR to achieve sustainability. This chapter further provides a study of the development of the concept of Sustainable Development as a tool to meet the social need and will analyse recent position—how can IPR be a handy tool to achieve the objective mentioned under CBD and Nagoya Protocol with the help of TRIPS Agreement. It primarily discusses interlinks and conflicts between the provisions of CBD and IPRs. The chapter argues that Indian policymakers have a crucial but tough role in ensuring that the IPR policies and practices and the need of conservation of biodiversity stands mutually supportive to each other.