FERU’s Dr. Rashid Sumaila discusses the need for increased transparency in reporting aquaculture subsidies, arguing that a lack of data hinders understanding and monitoring of the industry’s potential risks. Dr. Sumaila emphasizes the potential for aquaculture to generate negative externalities, such as competition for resources with traditional fisheries, welfare impacts on both farmed and wild animals, and the spread of disease. He calls for a global effort to collect and report aquaculture subsidy data, highlighting the importance of categorizing different types of subsidies to better assess their impacts and promote sustainable growth.
See the complete contribution on aquaculture subsidies here.