WolfBlur, Pixabay
Planet Tracker proposes blue recovery bonds to reduce overfishing
Emma Desrochers, Seafood Source Fisheries & Aquaculture
A September report from Planet Tracker, “Fishing for a Recovery,” introduces a system the nonprofit has dubbed blue recovery bonds, in which the bonds offer upfront capital investment to a fishery in exchange for a temporary reduction in fishing. Once stocks recover, fisheries repay the invested capital, along with interest.
“Fishers have an interest in the health of the waters they fish from. This instrument allows them to invest in the future of their fishery without paying for that investment upfront themselves,” Planet Tracker Oceans Program Head François Mosnier said.
Read the full article here.
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