With COP16 well underway in Cali, Colombia, it’s essential to spotlight the role of Access and Benefit Sharing (ABS) in safeguarding biodiversity while empowering local and indigenous communities. The evaluation looked at over 39 ABS projects, with significant contributions toward implementing the Nagoya Protocol.
Key findings from the GEF IEO's evaluation of ABS projects include:
- Biodiversity conservation: ABS projects have contributed to reducing biodiversity loss while promoting sustainable use of genetic resources.
- Community empowerment: Local communities benefit from ABS through job creation, capacity building, and equitable benefit-sharing from genetic resources.
- Challenges remain: Sustainable financing and technical capacity are critical areas needing further attention to ensure long-term success.