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 called on governments worldwide to dramatically reduce subsidies to fisheries in a bid to stop unprofitable and unsustainable fishing.
“There are too many boats going for the fish. A key component is reducing the number of boats and therefore the number of people fishing,” said Sumaila, director of the university’s fisheries economics research unit.
Read the full article in the Vancouver Sun.
Click here to access Benefits of Rebuilding Global Marine Fisheries Outweigh Costs from PLoS.