Sumaila, U.R., Cheung, W., Dyck, A., Gueye, K., Huang, L., Lam, V., Pauly, D., Srinivasan, T., Swartz, W., Pauly, D., and Zeller, D. (2012) Benefits of Rebuilding Global Marine Fisheries Outweigh Costs. PLoS ONE 7(7): e40542. doi:10.1371/journal.pone.0040542
Abstract: Global marine fisheries are currently underperforming, largely due to overfishing. An analysis of global databases finds that resource rent net of subsidies from rebuilt world fisheries could increase from the current negative US$13 billion to positive US$54 billion per year, resulting in a net gain of US$600 to US$1,400 billion in present value over […]
Vancouver Sun: $292 billion: the cost of fixing global fisheries
It could cost up to $292 billion and take almost three decades, but University of B.C. experts have a proposal to save the world’s fisheries. In a study released Friday in the online journal of the Public Library of Science, a team of American and Canadian economists and ecologists led by UBC professor Rashid Sumaila […]
Phys.Org: How to make global fisheries worth fives times more: study
Rebuilding global fisheries would make them five times more valuable while improving ecology, according to a new University of British Columbia study, published today in the online journal PLoS ONE. By reducing the size of the global fishing fleet, eliminating harmful government subsidies, and putting in place effective management systems, global fisheries would be worth […]
Dr. Sumaila speaks to the US congressional subcommittee about the effects of regulation on the marine industry
On July 12, 2012, Dr. Rashid Sumaila presented to the US congressional subcommittee on Investigations, Oversight and Regulation on the effects of regulation on the marine industry. The hearing, titled “Sinking the Marine Industry: How Regulations are Affecting Today’s Maritime Businesses”, focused on federal policy and regulatory impediments. Click to read a transcript of Dr. […]