By Andrew Frederick Johnson, Bangor University, andrewjohnson540 [at] hotmail.com
In my last post, I closed by saying that in order for unsuccessfully managed fisheries to move forward, we need to innovate instead of repeating our current mistakes. I also introduced the idea of “rights-based” fisheries management as one method that has proved beneficial for past and present fisheries. This blog discusses, Individual Transferrable Quotas (ITQs), a rights-based approach showing promise, and describes how they can benefit struggling fisheries.
