Genetic prospecting and biodiversity development agreements

Biodiversity loss continues, in part, because local benefits from wildland preservation are limited. Biodiversity development agreements (BDAs) intend, through bioprospecting efforts, to distribute benefits of biodiversity to those who bear preservation costs. Analysis of two case studies suggests that monetary returns from bioprospecting could be substantial, though realization of returns is uncertain and likely to take time. Considerable non-monetary benefits from BDAs have included training and increased infrastructure and institutional capacity. BDAs probably will not finance desired land preservation, nor is it certain they can influence land use. Nonetheless, carefully structured BDAs can be useful components of biodiversity conservation programs. Published by Elsevier Science Ltd.