The only thing worse than overfishing our oceans and driving species to the brink of extinction is the government paying to do it. That's been the case for far too long, as upwards of $30 billion (that's billion, with a "b") worth of subsidies are handed over to the fishing industry every year. A whopping $20 billion of that are used for things like boat repairs, fishing equipment and fuel; expenses that allow for increased and intensified fishing practices.
This soon could be a thing of the past, now that 13 senators - from across the political spectrum -- introduced a resolution on Thursday night calling for the United States to pursue an international ban on government subsidies to the fishing industry. Days before, the U.S. Ambassador to the World Trade Organization, proposed a broad prohibition against fisheries subsidies at WTO negotiations in Geneva including delegates representing the WTO's 150-member countries.
The WTO is the best chance for success in eliminating these harmful fisheries subsidies, so we need an overall deal in the Doha round of trade talks, which remains to be seen.
What is certain is that if the depletion of ocean species continues at current rates, our seafood supply could collapse before the middle of the century. According to a groundbreaking report in Science last year, scientists are concerned about the effects of marine species loss on our supply of wild seafood and other essential ecosystem goods or services. Using global catch data they found that catches of 29 percent of wild populations of seafood have already dropped to less than 10 percent of their maximum.
- CEO Note: President Obama Designates Largest Marine Reserve in the World Posted Fri, October 17, 2014
- Deep Sea Sharks in Northeast Atlantic Still at Risk from Overexploitation, Warns Group Posted Tue, October 14, 2014
- Ocean Roundup: Federal Agencies Called Out on Ocean Acidification Inaction, Steller Sea Lions May Have a New Predator, and More Posted Thu, October 16, 2014
- Ocean Roundup: Seven Sharks Illegally Caught in Costa Rica National Park, Dolphins Cross-Breeding in UK Waters, and More Posted Mon, October 13, 2014
- Oceana Magazine, Dr. Pauly Column: How Do We Know How Many Fish There Are in The Sea? Posted Fri, October 17, 2014