Recently, Bloomberg Philanthropies announced The Vibrant Oceans Initiative that will provide $53 million in grants over five years to revitalize marine fisheries in developing countries. This is welcome news. Especially interesting is their decision to support new approaches for financing fisheries reform through the impact investment group EKO Asset Management Partners.
The recent World Bank report on future supply and demand for fish deserves attention and applause. It represents a laudable effort to explore how the economics of fish supply and fish demand interact and how increasing incomes and population growth will drive change. While the authors are rightly cautious about over-interpreting their findings, their results provide some arresting glimpses of what the future might hold.