Benefits of Rebuilding Global Marine Fisheries Outweigh Costs

PLoS ONE (2013, v7 n7: e40542. doi:10.1371/journal.pone.0040542) /  by Ussif Rashid Sumaila, et al.
http://bit.ly/1axbTSr

[Vancouver Sun] It could cost up to $292 billion and take almost three decades, but University of B.C. experts have a proposal to save the world’s fisheries.

In a study released Friday in the online journal of the Public Library of Science, a team of American and Canadian economists and ecologists led by UBC professor Rashid Sumaila called on governments worldwide to dramatically reduce subsidies to fisheries in a bid to stop unprofitable and unsustainable fishing.

Eventually, those cuts would result in more robust fish stocks and fisheries worth $54 billion, a great improvement from the $13 billion they lose each year, the study claims…

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