Market Approaches to Conservation

The Nature Conservancy continues to pioneer innovative, market-based approaches to conservation.

The Nature Conservancy announced today the purchase of six federal
trawling permits and four trawling vessels from commercial fishermen in
Morro Bay as part of a collaborative effort to protect a vast swath of
ocean off the coast of central California and help reform a troubled
fishery. The precedent-setting acquisitions represent the nation’s
first private buy out of Pacific fishing vessels and permits for
conservation purposes.

Thanks to Monique van Hoek for the pointer.