Going Green

Friday, December 7, 2007

Economics of World Fisheries

To move the world fisheries toward sustainability we need a combination of enforcement and incentives. This study focuses on the economic reasons for sustainability.

Build up fish stocks now for big money later: study

By Deborah Zabarenko,
Environment Correspondent

WASHINGTON (Reuters) - Commercial fishers should cut back on their catch and allow fish stocks to grow above the levels most governments currently advise if they want to boost long-term profits, economists reported on Thursday.

Such a strategy would sustain fish populations and save fuel while opening the way to big profits in the future, the researchers reported in the journal Science.

And the more depleted a fishery has become, the better the results when stocks are built up to what the researchers call the biomass maximum economic yield. That might be...(complete article here).

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