Emerging Consequences of Biotechnology: Biodiversity Loss and IPR Issues

The commercialization of biotechnology has resulted in an intensive search for new biological resources for the purposes of increasing food productivity, medicinal applications, energy production, and various other applications. Although biotechnology has produced many benefits for humanity, its applications have also resulted in some undesirable consequences such as diminished species biodiversity as well as diminished agrobiodiversity, environmental contamination, and the exploitation of intellectual property rights and patents in appropriating the biodiversity of developing countries.