More fish means increased income. This graph charts the rebuilding of Kenyan small-scale fisheries through a no-take marine reserve. [Worm et al. 2009]
More fish means more tourism. Annual tourism revenue generated by a well protected marine reserve, $13 million (162,000 / sq km) [Sala et al. 2013]
Fishers benefit from marine reserves after a few years, but the lack of financing during those build-up years prevented scaling marine reserves worldwide. Faced with this dilemma, a group of Young Global Leaders at the World Economic Forum developed a new business model so that marine reserves would bring sufficient revenue to pay for themselves, finance short-term losses for fishers, and turn in a profit. |
If you or your community is interested in creating your own fish bank, to bring your fish back and improve local livelihoods, Fish Banks can help you design and implement the appropriate financing models. Please contact us at info@fishbanks.com. |