The creation and promotion of markets in biodiversity-based products creates important indirect incentives for conservation and sustainable use of components of biodiversity. Examples include, inter alia, individual transferable fishing quotas and other property right-based mechanisms, biodiversity prospecting, and the commercialization of medicinal plants or other biodiversity-based products, possibly including the use of certification or eco-labeling.
The Convention's programme of work on incentive measures
also includes the development of methods to promote information on biodiversity in consumer decisions, for instance through ecolabelling, if appropriate.
Cooperation is maintained with the Biotrade Initiative
of the United Nations Conference on Trade and Development (UNCTAD) in the implementation of pertinent activities, as well as the UNEP-UNCTAD initative on Capacity-Building for Biotrade (CBBT).