In a speech marking the launch of his International Sustainability Unit (ISU) Marine Programme, HRH the Prince of Wales struck an optimistic note. His message was clear and simple “if managed properly our seas could still provide us with profitable harvest for years to come. However, if we are not careful we may end up breaking the bank.”
Good practice can translate into bigger catches of fish, higher earnings and more secure jobs.
In the two years leading up to Friday’ s official launch in London, the ISU has lead both in-depth research and a multi-stakeholder consultation process. This has resulted in their report Towards Global Sustainable Fisheries. The Opportunity for Transition. ISU identified three tools for rebuilding global fish stocks:
- Smart economics, including access rights and addressing perverse subsidies
- An ecosystem approach, including focus on a/o data collection and reduction of by-catch
- Robust management including monitoring and enforcement
“That some organizations have experimented successfully with innovative market incentives to achieve more sustainable fisheries is very encourgaing. It is the ISU’s intention to build a consensus on how some of these mechanisms might be scaled up and how transitional finance might be best deployed,” said the Prince. Read More