To achieve this, the Smart Fishing Initiative combines field, policy and market work to:
- Communicate the need for fisheries reform, including a new intergovernmental mechanism to address overfishing.
- Promote rights-based access systems and the supporting policy framework needed to make sustainable fishing a viable long-term economic activity within coastal communities.
There are many versions of rights-based management and if implemented well, they have demonstrated the ability to generate profound changes in fisheries.
- Increase consumer, retailer, and processor/brand demand for sustainably caught seafood.
Such positive pressure throughout the supply chain will help power a self-interested call within the fishing industry for regulatory reform that supports meeting this demand.
- Mobilize funding to finance the transition to sustainable fisheries.
This includes support for reducing fleet capacity as well as creating opportunities that help fishers exit the sector.