For fishers and farmers alike, there are long-term benefits that come from transitioning to sustainable practices. In the short term, however, a transition from unsustainable to sustainable methods of fishing or farming can result in economic costs as well as reduced or unstable incomes from, for example, a reduction in catch quantity. Financial incentives help bridge such financial gaps and accelerate the adoption of sustainable behaviors.
To address this need, the Sustainable Markets Group at Rare is developing a range of private and public sector partnerships and investment vehicles. These create value for communities and generate conservation impacts as well as financial returns for investors.
By combining these financial strategies with our community engagement expertise, we are uniquely positioned to scale conservation solutions in the key areas of coastal fisheries, clean water and sustainable agriculture and thus contribute to our long-term goals of improving ecosystem health, climate resilience, food security and the incomes of the poorest communities in the developing tropics.