Above announcement by Maria Corina Machado (2025 laureate for promoting democratic rights in Venezuela) ignited debate around the prize and its transferability.
About Nobel Peace Prize
- Awarded to person "who shall have done the most or the best work for fraternity between nations, for the abolition/reduction of standing armies and for holding and promotion of peace congresses" (As per the Will of Alfred Nobel).
- Awarded by: Norwegian Nobel Committee since 1901.
- Criteria: Since World War II, it is awarded to honour efforts in four main areas:
- Arms control and disarmament, peace negotiation, democracy and human rights, and work towards creating a better organized and more peaceful world.
- In the 21st century, efforts to limit harm done by man-made climate change and threats to environment are too considered relevant to the prize.
- Inclusions of the Prize: Medal, a diploma, and a cheque (currently 11 million Swedish crowns).
- The medal is currently, 18 carats gold, 196 grams with diameter of 6.6 centimetres.
- Awardees from India: Mother Teresa (1979); 14th Dalai Lama (1989); Kailash Satyarthi (2014).
Transferability of the Prize and the Medal
- Finality of the Prize: Once announced, it cannot be revoked, shared, or transferred with the decision being final and standing for all time.
- Transferability of the Medal: While the honour and title are non-transferable, the medal can be gifted, loaned or displayed by someone else.
- E.g., Dmitry Muratov’s medal was auctioned for over USD 100 million to support refugees from Ukrainian War.
