Indicators for Goal C and Targets 13
[#2782]
Please post your comments related to the indicators for Goal C and Target 1-13 in this thread.
You must be signed in to post messages in this forum. Depending on the forum you may also need the appropriate credentials in order to post messages.
RE: Indicators for Goal C and Targets 13
[#2799]
Can someone please point me to a definition of what constitutes an "issuing authority" under the IRCC system?
You must be signed in to post messages in this forum. Depending on the forum you may also need the appropriate credentials in order to post messages.
RE: Indicators for Goal C and Targets 13
[#2801]
You must be signed in to post messages in this forum. Depending on the forum you may also need the appropriate credentials in order to post messages.
RE: Indicators for Goal C / The Crucial Issue of "economic rents" in Reporting Monetary Benefits
[#3044]
My name is Joseph Henry Vogel. I am a professor who has applied the economics of information to the CBD since the early 1990s. I have worked out policy implications for the Global Multilateral Benefit-Sharing Mechanism in open-access refereed publications, under the suggested modality of "bounded openness over natural information".
Data on Indicator C.1 "Monetary benefits" in bilateral contracts will conflate the observed commercial value of a genetic resource with its potential commercial value under multilateralism. Competition eliminates "economic rents" whenever the principal agent is not unique to the contracting Party. For an explanation of economic rents, please see my co-authored 2022 PLANTS PEOPLE PLANET Comment (
https://doi.org/10.1002/ppp3.10239) or 2021 Report from The South Centre
https://www.southcentre.int/tag/global-multilateral-benefit-sharing-mechanism-gmbsm/.
Analogies are illustrative. Just as the current potential commercial value of movies, music and software is not indicated by the revenue from ultra-cheap pirated copies, neither is the value of genetic resources indicated by the benefits concluded in bilateral contracts. The observed commercial value of a genetic resource is only the potential commercial value when the principal agent is unique to the contracting Party.
What to do? Indicator C.1 should report data with a parenthetical statement as to whether the observed value is rent-free or rent-inclusive. For example, an Amazonian country may report "0.1% royalty (rent-free)" for a principal agent from a species found throughout the neo-tropics and "10% royalty (rent-inclusive)" from an endemic species that has no other species in its genus or genera in its family.
You must be signed in to post messages in this forum. Depending on the forum you may also need the appropriate credentials in order to post messages.