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Setting up a framework for a national financial instrument for impact investment in fisheries
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Resumo(s)
Social and environmental awareness has in recent years become an increasingly
weighted factor in many investors’ funding allocation decisions due to
concerns that their investment could contribute to industries practicing human
rights abuses, have deleterious impacts on nature and ecosystems or just
be misaligned with their personal or political beliefs. This concept involves a
close analysis of practices and commitments of the companies at stake in order
to inform investment decisions. Impact investment is a form of ethical investment
that takes action for improvements while generating financial returns.
Fisheries are prime candidates for impact investment initiatives given their potential
as ecologically sustainable sources of protein but also their widespread
mismanagement, but they have not yet been widely targeted by impact investment.
Overfished fisheries could provide both greater supply and economic
returns but the respite needed by the fishery in order to recover constitutes
a hardship to fishers that are dependent on annual incomes. Investors could
bridge that gap, covering any initial losses while the fishery recovers and later
benefiting from the gains when the fishery reaches its sustained maximum returns.
The aim of the current project is to set up a framework that allows for the
definition of a market instrument aimed at correcting existing imbalances in
the economic model for fisheries management. To this end, optimal bioeconomic
utilization is explored, and a system proposed to internalize rights and
responsibilities to the fishery. Within this framework, an instrument is outlined
providing the required incentives for fisheries to finance themselves to
ensure sustainability. The project includes considerations on the design of this
instrument as well as some considerations on its pricing.
Descrição
Mestrado Bolonha em Mathematical Finance
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Contexto Educativo
Citação
Segurado, Susana Piper Bivar (2021). “Setting up a framework for a national financial instrument for impact investment in fisheries”. Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestão
Editora
Instituto Superior de Economia e Gestão