2008 study published by the World Bank and the Food and Agriculture Organization
The Sunken Billions: The Economic Justification for Fisheries Reform
Author
Ragnar Arnason, Kieran Kelleher and Rolf Willmann
Language
English
Subject
World fisheries
Publisher
Joint publication by the World Bank and the FAO
Publication date
2008
Media type
Print
ISBN
978-0-8213-7790-1
OCLC
297146442
Dewey Decimal
338.3/727 22
LC Class
SH328 .S79 2009
The Sunken Billions is a study jointly published in 2008 by the World Bank and by the Food and Agriculture Organization of the United Nations (FAO). The report shows that the difference between the potential and actual net economic benefits from marine fisheries is about USD 50 billion per year or some USD 2 trillion over the last three decades.
According to the report, "by improving governance of marine fisheries, society could capture a substantial part of this $50 billion annual economic loss. Through comprehensive reform, the fisheries sector could become a basis for economic growth and the creation of alternative livelihoods in many countries. At the same time, a nation's natural capital in the form of fish stocks could be greatly increased and the negative impacts of the fisheries on the marine environment reduced."
If fish stock were rebuilt, the current marine catch could be achieved with approximately half of the current global fishing effort. This illustrates the massive overcapacity of the global fleet. The excess competition over the limited fish resources results in declining productivity, economic inefficiency, and depressed fisher incomes.
A 2017 update of the report found that the difference between potential and actual economic benefits from global fisheries had grown to USD 83 billion per year.
and 29 Related for: The Sunken Billions information
TheSunkenBillions is a study jointly published in 2008 by the World Bank and by the Food and Agriculture Organization of the United Nations (FAO). The...
report, titled The SunkenBillions: The Economic Justification for Fisheries Reform, the world's fishing fleets incur a "$US 50 billion annual economic loss"...
(2009). "The Social Construction of Fishing, 1949". Ecology and Society. 14: 6. doi:10.5751/ES-02704-140106. hdl:10535/3376. TheSunkenBillions: The Economic...
agreed initiatives. A 2008 joint publication by the World Bank and the FAO, entitled TheSunkenBillions: The Economic Justification for Fisheries Reform...
The (oceanic) water column is a concept used in oceanography to describe the physical (temperature, salinity, light penetration) and chemical (pH, dissolved...
with the capture of sea turtles being especially contentious. A shrimper is a fishing vessel rigged for shrimp fishing. The term shrimp, as used by the Food...
by the 1982 United Nations Convention on the Law of the Sea, is an area of the sea in which a sovereign state has exclusive rights regarding the exploration...
The Humboldt Current, also called the Peru Current, is a cold, low-salinity ocean current that flows north along the western coast of South America. It...
describes the way that radically depleted fisheries were evaluated by experts who used the state of the fishery at the start of their careers as the baseline...
Areas. In 2004, MCBI co-founded the Deep Sea Conservation Coalition and released the Scientists’ Statement on Protecting the World's Deep Sea Coral and Sponge...
the deep ocean, marine snow (also known as "ocean dandruff") is a continuous shower of mostly organic detritus falling from the upper layers of the water...
been developed since 1991 as a part of the Multispecies management programme by the Norwegian Research Council at the Norwegian College of Fishery Science...
the 16th century, it had become the principal industry in the Basque coastal regions of Spain and France. The whaling industry spread throughout the world...
farmed worldwide, with about 1.4 million tonnes being consumed annually. The horse crab, Portunus trituberculatus, accounts for one quarter of that total...
length (SL) is the length of a fish measured from the tip of the snout to the posterior end of the last vertebra or to the posterior end of the midlateral...
adding US$270 billion a year to global GDP, but by full implementation of sustainable fishing, that figure could rise by as much as US$50 billion. In addition...
of the targeted species are tropical, the majority of the global catch is in temperate waters. Several methods are used to catch lobsters, with the method...
around the barriers by swimming and leaping up a series of relatively low steps (hence the term ladder) into the waters on the other side. The velocity...
camouflaged to reduce the brightness-contrast against the background: the top is black and the sides are silvery. Additionally, the front of the ROV is covered...
animals that are harvested commercially in the greatest amounts, listed in order of tonnage per year (2012) by the Food and Agriculture Organization. Species...
ledges, rocks, and coral reefs (as well as artificial reefs like wrecks and sunken barges) as their habitat. Their mouth and gills form a powerful sucking...
cubic yard), totalling about three billion fish in a single school. These schools move along coastlines and traverse the open oceans. Herring schools in...
including the use of destructive fishing practices, are threatening the survival of the coral reefs and the associated reef fish. Coral reefs are the result...
The wildlife of Mauritius consists of its flora and fauna. Mauritius is located in the Indian Ocean to the east of Madagascar. Due to its isolation, it...
mortality and fishing mortality) are traditionally regarded as the significant factors determining the stock's population dynamics, while extrinsic factors (immigration...
to 65.8% in 2017. The overfishing of these large fisheries destroys the marine environment and threatens the livelihood of billions who depend on fish...
S2CID 62817575. Black, Richard (8 October 2008). "Fisheries waste costs billions". BBC News. Retrieved 1 May 2012. Owen, James. "Overfishing Is Emptying...
conservation biology, the catch per unit effort (CPUE) is an indirect measure of the abundance of a target species. Changes in the catch per unit effort...
between $10 billion and $23 billion annually, representing between 11 and 26 million tonnes. Incidental catch Shifting baselines is the way significant...
Global Information