INSIGHT by Planet Tracker
〉Planet Tracker’s new framework proposes a ‘blue recovery bond’ – a novel financial product offering capital to fisheries in exchange for a temporary reduction in fishing.
〉Planet Tracker has made this framework available to the public through its new interactive tool that measures the eligibility of any given fishery.
〉The paper analyses 295 fisheries; finding 65 strong candidates for a blue recovery bond.
Planet Tracker launches a new framework and interactive tool for fisheries to evaluate their suitability for a ‘Blue Recovery Bond’, a new financial product devised by the organisation. The report, Fishing for a Recovery, proposes this financial product that could improve the health of fish populations that billions depend on worldwide.
The demand for seafood is projected to rise to 267.5 million tonnes by 2050, up from 157.4 million in 2020, which is ilikely to push many fish stocks to unsustainable levels.ii
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Planet Tracker’s recommended ‘Blue Recovery Bond’ involves financial institutions providing fishing companies with an upfront investment to fund a temporary reduction in fishing pressure. Once fish populations recover, companies repay investors through a levy on the catch.
The report analyses 295 fisheries on factors such as the health of existing fish stock, quality of management and environmental compliance, and finds 65 of them are strong candidates for the ‘Blue Recovery Bond’. This analytical framework is now available through Planet Tracker’s new interactive tool.
“Fishers and investors in fishing companies rely on healthy ecosystems. With a Blue Recovery Bond, the interests of investors, fishers and fish are aligned. Returns can be high since fish populations regenerate quickly. We encourage participants in the fishing industry to try our new assessment tool to see whether it would benefit their fisheries.”
-François Mosnier, Head of the Oceans programme at Planet Tracker
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