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» Home » 2012 » November » 14 » Inter Press Service: Billions in Subsidies Prop up Unsustainable Overfishing

Inter Press Service: Billions in Subsidies Prop up Unsustainable Overfishing

November 14, 2012

Calls are mounting for the world’s big fishing powers to stop subsidising international fleets that use destructive methods like bottom trawling in foreign coastal waters, drastically reducing the catch of local artisanal fishers who use nets and fishing lines.

Such subsidies total 27 billion dollars a year, with nearly two-thirds coming from China, Taiwan and Korea along with Europe, Japan and the United States, according to a University of British Columbia study.

The result, says Dr. Rashid Sumaila, lead author of the UBC study, is that taxpayers are funding the depletion of the world’s fish populations and the impoverishment of coastal communities abroad.

Read the full article on the IPS website.

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