Solution To Global Fisheries Collapse? 'Catch Shares' Could Re

[Achilles Tang]

A new study shows that an innovative yet contentious fisheries management strategy called "catch shares" can reverse fisheries collapse. Where traditional "open access" fisheries have converted to catch shares, both fishermen and the oceans have benefited. Catch shares guarantee each shareholder a fixed portion of a fishery's total allowable catch. Each share becomes more valuable when the fish population -- and thus the total allowable catch -- increases.

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