Ocean justice? Marine genetic resources and monetary benefit-sharing under the BBNJ Agreement
he adoption of the BBNJ Agreement concluded a decades-long dispute over how MGRs of ABNJ should be legally classified and how benefits, particularly monetary benefits, derived from the utilisation and commercialisation of these MGRs, should be shared. The outcome represented a legally creative compromise bridging the opposing positions of the Global North and South on these issues. This article argues that the BBNJ regime should be understood less as a final resolution of distributive conflict and more as a reconfiguration of ocean justice through the deferral of equity claims.