Friday, March 13, 2015

13/03/2015: UK could double its fish catch if quotas allowed stocks to recover, says study

Fishermen in the UK could benefit from doubled fish catches within a decade and an expanded industry, if European Union fishing quotas were in line with scientific advice, a new study has found, according to The Guardian.

British fleets would be able to land 1.1bn tonnes of fish a year – up from about 560m at present – within a decade if scientific advice on re-stocking overfished species were heeded, according to estimates from the New Economics Foundation.

Larger catches, with the revenue that would accrue to them – an extra €500m (£356m) a year in the UK alone, based on current prices – and thousands of extra jobs could become available if stocks were allowed to recover, because this would bring about higher yields.

Larger catches will only come at the cost of short-term gain, however: if the UK’s quota were to be re-balanced immediately, more than a tenth of current levels would have to be sacrificed. This could be much higher for other member states.

This is one of the major reasons why quota negotiations are strongly tilted towards a short-term view.

Griffin Carpenter, of the New Economics Foundation, said: “Our analysis shows that rebuilding fish stocks can result in more jobs, more profits and higher wages. Ministers are squandering significant economic potential through their failure to sustainably manage a vital environmental resource.”

Read more HERE.

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