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Achieving Sustainable Fisheries The Economic Dimension. Ussif Rashid Sumaila Fisheries Economics Research Unit Fisheries Centre University of British Columbia r.sumaila@fisheries.ubc.ca. UNEP Workshop on Subsidies and Sustainable Fisheries Management, Geneva, 26-27 April, 2004.

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Presentation Transcript
slide1

Achieving Sustainable Fisheries

The Economic Dimension

Ussif Rashid Sumaila

Fisheries Economics Research Unit

Fisheries Centre

University of British Columbia

r.sumaila@fisheries.ubc.ca

UNEP Workshop on Subsidies and Sustainable Fisheries Management, Geneva, 26-27 April, 2004

outline of talk
Outline of talk
  • Are fisheries sustainably managed? NO!!!
  • Some reasons for the lack of sustainability;
  • Concluding remarks.
slide3
Analysis of FAO's global fisheries catch data set (1951-1998).Shows that there is a steady erosion of oceanic fisheries worldwide.

Analysis by R. Froese, IfM, Kiel, Germany

some economic reasons for the lack of sustainability in fisheries
Some economic reasons for the lack of sustainability in fisheries
  • Open access;
  • Subsidies;
  • Increasing trade in the face of bad management;
  • Problems related to IUU fishing;
  • Short-sightedness in the valuation of fishery benefits.
short sightedness in valuation
Short-sightedness in valuation

“Egoism is the law of perspectives as it applies to feelings,

according to which what is closest to us appears to be large and

weighty, while size and weight decrease with our distance

from things”

- by Friedrich Nietzche (1844-1900).

Discounting in economics

Future benefits from today’s time perspective

Value

Present

Future

Results in the urge to frontload fisheries benefits

inter generational discounting
Inter-generational discounting
  • This idea has been developed further in the following publications:
    • Sumaila (2001);
    • Sumaila and Buchary (under review);
    • Sumaila and Walters (in press);
    • Ainsworth and Sumaila (under review).
concluding remarks
Concluding remarks
  • From these papers
    • dealing with the problems of open access, subsidies, IUU fishing, etc., will improve the current situation of global fisheries;
concluding remarks1
Concluding remarks
  • BUTthis will not be enough
  • We also need to deal with the urge to frontload fisheries benefits by:
    • Counting fisheries benefits to future generations from their time perspective;
    • Assigning property rights to fisheries resources to all generations.