Direction, not detail: Progress towards consensus at the fourth intergovernmental conference on biodiversity beyond national jurisdiction.

After a two year delay caused by the COVID-19 pandemic, the fourth intergovernmental conference (IGC-4) in the negotiations for a new UN treaty to address the conservation and sustainable management of biodiversity beyond national jurisdiction (BBNJ) took place in March 2022. This meeting differed substantially from previous IGCs in terms of process, with much of the discussions occurring in 'informal informals,' or off-the-record meetings open only to delegates and registered observers. Additionally, in-person participation was extremely limited and observers only had access to web broadcasts, i.

Wealth blindness beyond national jurisdiction.

Marine genetic resources (MGR) are a new issue in high seas management. Discussion on how to best manage these resources is currently ongoing at the United Nations, within the context of a proposed treaty on the conservation and sustainable use of marine 'Biodiversity Beyond National Jurisdiction' (BBNJ), which is expected to be completed in 2020.But how accurately can states measure the potential economic value of resources that still do not have a clear market application? Developing states in particular already suffer from wealth blindness, where they lack the capacity to properly evaluate the economic value or market potential of their marine resources.