What is a tradable fishing limit that gives the holder the right to harvest a given quantity of fish during a given time period?

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An individual transferable quota (ITQ) is a tradable fishing limit that gives the holder the right to harvest a given quantity of fish during a given time period. It is intended to promote sustainable fishing practices by providing incentives to conserve fish populations while allowing fishermen to earn a profit by efficiently utilizing their share of the quota. The ITQ system has been implemented in various countries, including New Zealand and Iceland, with some success in promoting sustainable fisheries management.

What Is a Tradable Fishing Limit That Gives the Holder