Post by Kiwi Frontline on Apr 14, 2019 17:05:38 GMT 12
COULD OCEAN CREDITS BE THE NEW CARBON CREDITS?
A northern iwi is considering a tradeable system, where iwi could forgo their fishing quota in exchange for environment credits - and the idea is gaining momentum.
Iwi Māori own half of New Zealand's fishing quota, which allows them to harvest around 300,000 tonnes of seafood each year.
While Ngāti Kurī owns just a small portion of this quota, a new environment plan has them asking confronting questions of their own commercial fishing practices.
Sheridan Waitai, the iwi's strategic relations manager, says people - her iwi included - need to get around the perceived entitlement, that fish is the commodity. And she warns if we don't have the right balance in the ocean's ecosystem, things will die.....