Building Climate Resilience, Social Sustainability, and Equity in Global Fisheries (2023)

This article proposes a market-based solution (MBS) to achieve climate resilience in global fisheries by creating carbon sequestration allowances. The model monetizes the “right not to sequester carbon,” valuing carbon stored in marine biomass as an asset. Results suggest that by 2050, around 75% of global fisheries would be more valuable for carbon sequestration than as food. This approach aims to balance ecological, economic, and social priorities, providing a framework for sustainable fisheries policy.