COVID-19 is a chance to end harmful fishing subsidies. Here’s why we must take it
“As terrible as COVID-19 is, there may be a silver lining; it may provide the world with an opportunity to foster a sustainable ocean economy that puts people and ocean biodiversity first by saying no to harmful subsidies – that is, those that lead to overfishing and over exploitation.
The double crises of COVID-19 and ocean biodiversity depletion demand that governments worldwide focus their spending on the things that matter to us most – not to fund what ails us by jeopardizing ocean biodiversity and the livelihoods of the tens of millions of people who depend on it.
Rather than being an obstacle to reining in harmful fisheries subsidies, for example, the pandemic should be seen as an opportunity to reach a sustainable deal at the WTO on eliminating and/or redirecting current harmful fisheries subsidies estimated at $22 billion a year.”
COVID-19 is a chance to end harmful fishing subsidies. Here’s why we must take it – World Economic Forum blog by U. Rashid Sumaila, Professor and Canada Research Chair in Interdisciplinary Ocean and Fisheries Economics at UBC’s Institute for the Oceans and Fisheries and School of Public Policy and Global Affairs and Leopold Fellow (2009). Earlier this year, Future Earth relaunched the Leopold Leadership Program as the Earth Leadership Program – a new venture with a global focus. Read more about the transition at EarthLeadership.org.
DATEApril 26, 2020
AUTHORFuture Earth Staff Member
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