The Australian seafood industry aspires to continue improving its sustainability in many areas, including reducing its carbon emissions and ultimately achieving carbon neutrality. The 2017 National Seafood Industry Leaders called for the industry to strive to become carbon neutral by 2030. There are many aspects to this, such as improving fuel efficiency and evaluating land transport options, but some emissions are inevitable. To offset these emissions, the seafood industry might choose to investigate carbon markets. Investments in blue carbon could also provide added value to the industry, say, through better fish nurseries, or through the social benefits of being seen to proactively nurture the ecosystems that support them. However, the mechanisms to allow the seafood industry to pursue this are poorly developed. Impediments include the paucity of blue carbon opportunities in existing regulatory markets, and uncertainty about the most appropriate financial mechanisms for blue carbon investment.

The industry would benefit from a clear guide that outlines the current (and likely future) opportunities, the risks, a realistic assessment of the benefits, and a set of options for potential investors to pursue. To facilitate this, we will hold a meeting of key seafood industry stakeholders: at this workshop we will inform stakeholders about the current state of knowledge and opportunities, ask the extent to which the industry aspires to be carbon neutral, and whether blue carbon investments are perceived to be relevant. We will identify the major impediments to the industry achieving its desired goals, and plan concrete actions that can be taken to achieve them. These will be compiled into a plan to inform the FRDC on what actions to invest in, and how much investment would be needed.

There is widespread evidence, in Australia and internationally, of increased need for an improved, practical approach to integrated management (IM) of fisheries and other coastal marine activities that is able to fully embrace the social, economic and institutional aspects (the so-called ‘human dimensions), of management. Assessment and management systems traditionally neglect the human dimensions. Further, they treat sectors separately, often with different authorities managing diverse activities in different ways, resulting in inconsistencies in management across activities. The result is that there is almost no consideration of the cumulative social, economic or ecological impacts of multiple activities, and no way of informing trade-offs among activities in management decision-making.
Experience to date is that IM has been only partially successful. Management of multiple activities has been additive…squeezing one activity in among others (e.g aquaculture in light of others). While there are some examples of movement toward IM, these have resulted in partial or temporary success. There are examples where management has started toward IM, but progress has been stalled or has fallen back. In general, many preconditions exist, but it has been hypothesized that management is missing key aspects of intentional design that would allow IM to proceed.
The proposed workshop will bring together those with both the science knowledge and the operational knowledge of 8-10 Australian IM case studies and a few with international expertise, to evaluate and compare experience towards identifying key elements of success and failure of Integrated Management.