DOSI (2025) Monetary and Non-Monetary Value of Marine Genetic Resources and Digital Sequence Information under the BBNJ Agreement - Policy Brief. Deep-Ocean Stewardship Initiative.
Key messages:
- Marine Genetic Resources (MGR) and associated Digital Sequence Information (DSI) offer potential monetary and non-monetary benefits, spanning diverse sectors such as pharmaceuticals, nutraceuticals, and agriculture, as well as contributing to broader scientific advancements and informing broader conservation needs.
- Studies on the value of MGR and associated DSI analyse their economic potential while emphasising non-monetary benefits like capacity building and knowledge sharing.
- The BBNJ Agreement establishes a framework for equitable benefitsharing from MGR and associated DSI, aiming to distribute both monetary and non-monetary benefits. This framework allows for linking benefit-sharing to the research pipeline, from collection to commercialisation.
- Effective implementation of the benefit-sharing framework under the BBNJ Agreement requires proactive engagement, inclusivity, encourages use of Findable, Accessible, Interoperable & Reliable (FAIR) data, and cross-sector collaboration.
- Key actors necessary to the continued development and assessment of the value of MGRs and their obligations under the BBNJ Agreement include researchers, industry, Indigenous Peoples and local communities.