Eliminate fisheries subsidies that encourage overfishing
Overall effectiveness category Awaiting assessment
Number of studies: 0
Background information and definitions
Fisheries subsidies are direct or indirect financial transfers by the government of a country to its fishing sector, usually to help offset the cost or increase in cost of a critical resource such as fuel, fishing gear or new vessels (Sumaila et al. 2008). It is argued these payments may drive overexploitation of fish populations by providing an economic incentive to continue fishing even when stocks are declining. They may also benefit illegal fishing activities. The elimination of harmful fisheries subsidies may help control fishing effort and prevent declines in fish populations due to fishing.
Sumaila U.R., Teh L., Watson R., Tyedmers P. & Pauly D. (2008) Fuel price increase, subsidies, overcapacity, and resource sustainability. ICES Journal of Marine Science, 65, 832–840.