The nexus between illegal fishing and fisheries subsidies
If you read the most recent update to FAO’s Status of World Fisheries & Aquaculture (and if you’re reading this, you probably did), you know that the trend lines for world capture fisheries aren’t great. The total amount of capture harvest has been static for decades but the percentage that is overfished continues to grow and amount of underfished fisheries (think of it as spare capacity) continues to drop. While the majority of world fisheries are still sustainability harvested, the trend lines aren’t great. This makes sense in world with millions more people every day and a larger percentage of those people entering the middle class and demanding access to the same tasty protein that the rich world has enjoyed. As we all know from economics, static supply and increasing demand means that prices will rise, and where prices rise incentives rise for people to break the rules or cheat or for governments to set the bar too low and enable legal overfishing.
OceanMind primarily helps governments and businesses address the first issue by providing intelligence reports on possible non-compliance for investigation or third-party validation that everything is fine for businesses. We also work with fisheries authorities to develop and implement regulations that enable sustainable fishing based on vessel activity in their waters.
Read the full article here.