Benefits of rebuilding global marine fisheries outweigh costs.
Global marine fisheries are currently underperforming, largely due to overfishing. An analysis of global databases finds that resource rent net of subsidies from rebuilt world fisheries could increase from the current negative US$13 billion to positive US$54 billion per year, resulting in a net gain...
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2012-01-01
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doaj-bad3a7b2233546f0a54fb7e201ea9e8e2020-11-25T00:11:17ZengPublic Library of Science (PLoS)PLoS ONE1932-62032012-01-0177e4054210.1371/journal.pone.0040542Benefits of rebuilding global marine fisheries outweigh costs.Ussif Rashid SumailaWilliam CheungAndrew DyckKamal GueyeLing HuangVicky LamDaniel PaulyThara SrinivasanWilf SwartzReginald WatsonDirk ZellerGlobal marine fisheries are currently underperforming, largely due to overfishing. An analysis of global databases finds that resource rent net of subsidies from rebuilt world fisheries could increase from the current negative US$13 billion to positive US$54 billion per year, resulting in a net gain of US$600 to US$1,400 billion in present value over fifty years after rebuilding. To realize this gain, governments need to implement a rebuilding program at a cost of about US$203 (US$130-US$292) billion in present value. We estimate that it would take just 12 years after rebuilding begins for the benefits to surpass the cost. Even without accounting for the potential boost to recreational fisheries, and ignoring ancillary and non-market values that would likely increase, the potential benefits of rebuilding global fisheries far outweigh the costs.http://europepmc.org/articles/PMC3396648?pdf=render |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Ussif Rashid Sumaila William Cheung Andrew Dyck Kamal Gueye Ling Huang Vicky Lam Daniel Pauly Thara Srinivasan Wilf Swartz Reginald Watson Dirk Zeller |
spellingShingle |
Ussif Rashid Sumaila William Cheung Andrew Dyck Kamal Gueye Ling Huang Vicky Lam Daniel Pauly Thara Srinivasan Wilf Swartz Reginald Watson Dirk Zeller Benefits of rebuilding global marine fisheries outweigh costs. PLoS ONE |
author_facet |
Ussif Rashid Sumaila William Cheung Andrew Dyck Kamal Gueye Ling Huang Vicky Lam Daniel Pauly Thara Srinivasan Wilf Swartz Reginald Watson Dirk Zeller |
author_sort |
Ussif Rashid Sumaila |
title |
Benefits of rebuilding global marine fisheries outweigh costs. |
title_short |
Benefits of rebuilding global marine fisheries outweigh costs. |
title_full |
Benefits of rebuilding global marine fisheries outweigh costs. |
title_fullStr |
Benefits of rebuilding global marine fisheries outweigh costs. |
title_full_unstemmed |
Benefits of rebuilding global marine fisheries outweigh costs. |
title_sort |
benefits of rebuilding global marine fisheries outweigh costs. |
publisher |
Public Library of Science (PLoS) |
series |
PLoS ONE |
issn |
1932-6203 |
publishDate |
2012-01-01 |
description |
Global marine fisheries are currently underperforming, largely due to overfishing. An analysis of global databases finds that resource rent net of subsidies from rebuilt world fisheries could increase from the current negative US$13 billion to positive US$54 billion per year, resulting in a net gain of US$600 to US$1,400 billion in present value over fifty years after rebuilding. To realize this gain, governments need to implement a rebuilding program at a cost of about US$203 (US$130-US$292) billion in present value. We estimate that it would take just 12 years after rebuilding begins for the benefits to surpass the cost. Even without accounting for the potential boost to recreational fisheries, and ignoring ancillary and non-market values that would likely increase, the potential benefits of rebuilding global fisheries far outweigh the costs. |
url |
http://europepmc.org/articles/PMC3396648?pdf=render |
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