International Union for Conservation of Nature (IUCN)

The deadline passed and after two marathon nights of meetings, the delegations of the UN member states have managed to reach an agreement to make the so-called Oceans Treaty - or BBNJ Treaty, Biodiversity Beyond National Jurisdiction - a reality. New York City has seen the fifth session of this conference bear fruit with an agreement on the wording of the text, seventeen years after the talks began and with negotiations stalled last August due to a lack of agreement. The Treaty aims to protect and regulate the use of areas beyond national jurisdiction, which account for more than 60% of the oceans, or almost half of the planet. Marine genetic resources and how to share these benefits has been one of the main stumbling blocks.