Environment & Ecology · Biodiversity Legislation

With reference to the Access and Benefit Sharing (ABS) framework in India, consider the following statements: 1. ABS is a statutory mechanism under the Biological Diversity Act, 2002, aimed at equitable sharing of benefits arising from biological resource utilization. 2. Benefit-sharing under ABS is limited only to monetary compensation linked to auction proceeds. 3. State Biodiversity Boards play a critical role in identifying beneficiaries and facilitating fund disbursement. 4. ABS promotes conservation by incentivizing local communities to participate in sustainable resource management. Which of the statements given above are correct?