they try to regulate how countries and companies can fish and explore for minerals on the high seas.
marine genetic resources (MGR). If you’re wondering what on earth that is, well, think about all the organisms in the deep blue sea.
Remdesivir, which is used for treating COVID actually came from the genetic material of a Japanese sea sponge.
All of these breakthroughs are often worth millions of dollars.
if you dissect who’s been filing patents on these marine genes, you’ll find something quite shocking. 98% of patents are from just 10 developed countries. And one single commercial corporation registered 47% of them. The MGRs are heavily concentrated in the hands of a few.
Biodiversity Beyond National Jurisdiction Treaty is ready. Or just call it the High Seas Treaty if the official name is a mouthful.
30% of the world’s international waters will become marine protected areas (MPAs). Think of the MPA as a protected wildlife park in the ocean. The fish, mammals, and marine plants will be protected. It could prevent commercial ships from plying on certain routes. And it might put a hard stop to mining in these protected areas.
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