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Post by account_disabled on Mar 3, 2024 0:30:25 GMT -4
Managing partner and CFO at Catch Together, said the "ocean environment is much more dynamic than terrestrial environments." Therefore, "management systems and investment strategies need to be able to be adaptive to accommodate changes over time" that need to be successfully implemented in fisheries. An additional reason for risk in fisheries is the difference in property rights. Unlike with agriculture, where land tenure is very clear, in fishing "you don’t have the right to generally manage your fishery," Galvin said. As a result, "investments are much harder to organize" and "monitoring fisheries management strategies in the water is difficult," Wachowicz said. Investment results Building a track record BTC Number Data of successful fisheries investments is key to creating established credibility and curtailing perceived risk. Meloy Fund and Catch Together do exactly that. Meloy Fund looks at growth-oriented enterprises that have a direct connection to coastal fisheries. Galvin said not only are coastal fisheries an under-invested sector, they also "achieve most of the social and environmental objectives." These include affecting the state of coral reefs, generating livelihoods for small-scale fishing enterprises and benefiting the broader economy. Along with making its investments, the fund works to improve the management of coastal ecosystems. Catch Together focuses at the harvest level. Its staff work with fishing communities to finance the purchase of quota rights.
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