Sustainable Coastal Fisheries
Global fish stocks are an integral part of ocean ecosystems as well as a major food source for human populations. However, current harmful fishing practices threaten the future of fish stocks. CPIC’s Sustainable Coastal Fisheries Working Group seeks to develop strategies and financial models to attract investments towards initiatives that advance sustainable fishing practices, improve fisherman livelihood, and restore fish habitats.
The working group is co-led by Conservation International and Credit Suisse.
Channeling private finance into Marine Protected Areas
Coral reefs provide exceptional biodiversity and benefits to humans and are threatened by unsustainable fishing, careless tourism, pollution, and coastal development. Marine Protected Areas (MPAs) are among the most effective tools in reducing those threats but they often lack adequate financing. To address this challenge, and create an investable structure that attracts private sector investment, Blue Finance has developed a collaborative management partnership model for MPAs.
Blended finance facility for Fisheries Improvement Projects
Fishery Improvement Projects (FIPs) take a step-by-step approach toward the MarineStewardship Council (MSC) standard, which is based on the core principles of sustainable fish stocks, the minimization of environmental impacts, and effective fishery management. However, the lack of significant, long-term private sector financefor fisheries in transition is a key barrier to scaling up FIPs. To overcome this, WWF and Wilderness Markets are exploring the feasibility of a blended public and private finance facility, with an initial target of 3 to 5 FIPs within 2 years and a gradual expansion to reach fisheries all over the world.