Money is an important motivator in any industry, and that is particularly true for fishing where expenses can run high and margins small. Incentives can, therefore, be used in areas where there is complex, limited, or no governance to control fishing.
In November 2016, WWF convened the first meeting of the Global Think Tank comprised of a diverse group of authorities on the tuna industry, as well as financing, economics, international law, management of tuna fisheries, and ecology of highly migratory fisheries. This league of 13 experts was tasked with developing a new vision for managing fishing on the high seas that uses incentives as a mechanism for improving practices.
The Think Tank had two main tracks of work: seek out information and provide practical, scalable advice for fishery managers and industry.
Information for the Think Tank came from the development of several original business cases in the Eastern Pacific, Western Central Pacific, the Bay of Bengal, Western Central Atlantic, and the Caribbean. The experts also provided technical advice to those projects testing business incentives as a tool for enhancing sustainability in the tuna and billfish fisheries in developing regions. At the same time, these experts evaluated the performance of current on the ground programs.
Over the course of three years, the Think Tank held a series of facilitated meetings during which experts exchanged and reviewed findings, debated ideas and ultimately agreed upon a vision for the management of highly migratory fisheries with a high seas component.