Marine Resource Economics

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<span class="mw-page-title-main">Natural resource</span> Resources that exist without actions of humankind

Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest, and cultural value. On Earth, it includes sunlight, atmosphere, water, land, all minerals along with all vegetation, and wildlife.

<span class="mw-page-title-main">University of Akureyri</span> University in Akureyri, Iceland

The University of Akureyri was founded in 1987 in the town of Akureyri in the northeastern part of Iceland. It is today a school of health sciences, humanities and social science, and a school of business and science. Over 2000 students attended the university in the autumn semester of 2014, around half of them through flexible learning, making the university the largest provider of distance education in the country. The University of Akureyri coordinates with other Icelandic Universities to operate the University Centre of the Westfjords located in Ísafjörður, which operates two master's degrees, one in Coastal and Marine Management and the other in Marine Innovation. Additionally, The University of Akureyri coordinates with other Nordic Universities for the West Nordic Studies and Polar Law Masters programs.

<span class="mw-page-title-main">Fishery</span> Raising or harvesting fish

Fishery can mean either the enterprise of raising or harvesting fish and other aquatic life; or more commonly, the site where such enterprise takes place. Commercial fisheries include wild fisheries and fish farms, both in freshwater waterbodies and the oceans. About 500 million people worldwide are economically dependent on fisheries. 171 million tonnes of fish were produced in 2016, but overfishing is an increasing problem — causing declines in some populations.

In population ecology and economics, maximum sustainable yield (MSY) is theoretically, the largest yield that can be taken from a species' stock over an indefinite period. Fundamental to the notion of sustainable harvest, the concept of MSY aims to maintain the population size at the point of maximum growth rate by harvesting the individuals that would normally be added to the population, allowing the population to continue to be productive indefinitely. Under the assumption of logistic growth, resource limitation does not constrain individuals' reproductive rates when populations are small, but because there are few individuals, the overall yield is small. At intermediate population densities, also represented by half the carrying capacity, individuals are able to breed to their maximum rate. At this point, called the maximum sustainable yield, there is a surplus of individuals that can be harvested because growth of the population is at its maximum point due to the large number of reproducing individuals. Above this point, density dependent factors increasingly limit breeding until the population reaches carrying capacity. At this point, there are no surplus individuals to be harvested and yield drops to zero. The maximum sustainable yield is usually higher than the optimum sustainable yield and maximum economic yield.

Bioeconomics is closely related to the early development of theories in fisheries economics, initially in the mid-1950s by Canadian economists Scott Gordon and Anthony Scott (1955). Their ideas used recent achievements in biological fisheries modelling, primarily the works by Schaefer in 1954 and 1957 on establishing a formal relationship between fishing activities and biological growth through mathematical modelling confirmed by empirical studies, and also relates itself to ecology and the environment and resource protection.

<span class="mw-page-title-main">Overfishing</span> Removal of a species of fish from water at a rate that the species cannot replenish

Overfishing is the removal of a species of fish from a body of water at a rate greater than that the species can replenish its population naturally, resulting in the species becoming increasingly underpopulated in that area. Overfishing can occur in water bodies of any sizes, such as ponds, wetlands, rivers, lakes or oceans, and can result in resource depletion, reduced biological growth rates and low biomass levels. Sustained overfishing can lead to critical depensation, where the fish population is no longer able to sustain itself. Some forms of overfishing, such as the overfishing of sharks, has led to the upset of entire marine ecosystems. Types of overfishing include: growth overfishing, recruitment overfishing, ecosystem overfishing.

<span class="mw-page-title-main">Sustainable fishery</span> Sustainable fishing for the long term fishing

A conventional idea of a sustainable fishery is that it is one that is harvested at a sustainable rate, where the fish population does not decline over time because of fishing practices. Sustainability in fisheries combines theoretical disciplines, such as the population dynamics of fisheries, with practical strategies, such as avoiding overfishing through techniques such as individual fishing quotas, curtailing destructive and illegal fishing practices by lobbying for appropriate law and policy, setting up protected areas, restoring collapsed fisheries, incorporating all externalities involved in harvesting marine ecosystems into fishery economics, educating stakeholders and the wider public, and developing independent certification programs.

The goal of fisheries management is to produce sustainable biological, environmental and socioeconomic benefits from renewable aquatic resources. Wild fisheries are classified as renewable when the organisms of interest produce an annual biological surplus that with judicious management can be harvested without reducing future productivity. Fishery management employs activities that protect fishery resources so sustainable exploitation is possible, drawing on fisheries science and possibly including the precautionary principle.

<span class="mw-page-title-main">Fisheries science</span> Academic discipline of managing and understanding fisheries

Fisheries science is the academic discipline of managing and understanding fisheries. It is a multidisciplinary science, which draws on the disciplines of limnology, oceanography, freshwater biology, marine biology, meteorology, conservation, ecology, population dynamics, economics, statistics, decision analysis, management, and many others in an attempt to provide an integrated picture of fisheries. In some cases new disciplines have emerged, as in the case of bioeconomics and fisheries law. Because fisheries science is such an all-encompassing field, fisheries scientists often use methods from a broad array of academic disciplines. Over the most recent several decades, there have been declines in fish stocks (populations) in many regions along with increasing concern about the impact of intensive fishing on marine and freshwater biodiversity.

<span class="mw-page-title-main">Environmental resource management</span> Type of resource management

Environmental resource management is the management of the interaction and impact of human societies on the environment. It is not, as the phrase might suggest, the management of the environment itself. Environmental resources management aims to ensure that ecosystem services are protected and maintained for future human generations, and also maintain ecosystem integrity through considering ethical, economic, and scientific (ecological) variables. Environmental resource management tries to identify factors affected by conflicts that rise between meeting needs and protecting resources. It is thus linked to environmental protection, sustainability, integrated landscape management, natural resource management, fisheries management, forest management, and wildlife management, and others.

<span class="mw-page-title-main">Central Marine Fisheries Research Institute</span> Research institute in India

The Central Marine Fisheries Research Institute was established in the government of India on 3 February 1947 under the Ministry of Agriculture and Farmers Welfare and later, in 1967, it joined the Indian Council of Agricultural Research (ICAR) family and emerged as a leading tropical marine fisheries research institute in the world. The Headquarters of the ICAR-CMFRI is located in Kochi, Kerala. Initially the institute focused its research efforts on creating a strong database on marine fisheries sector by developing scientific methodologies for estimating the marine fish landings and effort inputs, taxonomy of marine organisms and the biological aspects of the exploited stocks of finfish and shellfish on which fisheries management were to be based. This focus contributed significantly to development of the marine fisheries sector from a predominantly artisanal, sustenance fishery till the early sixties to that of a complex, multi-gear, multi-species fisheries.

Individual fishing quotas (IFQs), also known as "individual transferable quotas" (ITQs), are one kind of catch share, a means by which many governments regulate fishing. The regulator sets a species-specific total allowable catch (TAC), typically by weight and for a given time period. A dedicated portion of the TAC, called quota shares, is then allocated to individuals. Quotas can typically be bought, sold and leased, a feature called transferability. As of 2008, 148 major fisheries around the world had adopted some variant of this approach, along with approximately 100 smaller fisheries in individual countries. Approximately 10% of the marine harvest was managed by ITQs as of 2008. The first countries to adopt individual fishing quotas were the Netherlands, Iceland and Canada in the late 1970s, and the most recent is the United States Scallop General Category IFQ Program in 2010. The first country to adopt individual transferable quotas as a national policy was New Zealand in 1986.

Steven C. Hackett is an American economist, and Professor Emeritus of Economics at Cal Poly Humboldt, known for his contributions to the fields of environmental and natural resources economics.

<span class="mw-page-title-main">Daniel Bromley</span> American economist

Daniel W. Bromley is an economist, the former Anderson-Bascom Professor of applied economics at the University of Wisconsin–Madison, and since 2009, Emeritus Professor. His research in institutional economics explains the foundations of property rights, natural resources and the environment; and economic development. He has been editor of the journal Land Economics since 1974.

Ussif Rashid Sumaila is a professor of ocean and fisheries economics at the University of British Columbia, Canada, and the Director of the Fisheries Economics Research Unit at the UBC Institute for the Oceans and Fisheries. He is also appointed with the UBC School of Public Policy and Global Affairs. He specializes in bioeconomics, marine ecosystem valuation and the analysis of global issues such as fisheries subsidies, IUU fishing and the economics of high and deep seas fisheries. Sumaila has experience working in fisheries and natural resource projects in Norway, Canada and the North Atlantic region, Namibia and the Southern African region, Ghana and the West African region and Hong Kong and the South China Sea. He received his Bachelor of Science degree with honours from Ahmadu Bello University University in Nigeria and received his PhD from Bergen University in Norway.

<span class="mw-page-title-main">Ray Hilborn</span> Canadian marine biologist and fisheries scientist

Ray Hilborn is a marine biologist and fisheries scientist, known for his work on conservation and natural resource management in the context of fisheries. He is currently professor of aquatic and fishery science at the University of Washington. He focuses on conservation, natural resource management, fisheries stock assessment and risk analysis, and advises several international fisheries commissions and agencies.

Catch share is a fishery management system that allocates a secure privilege to harvest a specific area or percentage of a fishery's total catch to individuals, communities, or associations. Examples of catch shares are individual transferable quota (ITQs), individual fishing quota (IFQs), territorial use rights for fishing (TURFs), limited access privileges (LAPs), sectors, and dedicated access privileges (DAPs).

The following outline is provided as an overview of and topical guide to fisheries:

Beatrice Crona is an ecologist, a professor at Stockholm University, and the Executive Director of the Program on Global Economic Dynamics and the Biosphere at the Royal Swedish Academy of Sciences.

References

  1. "Marine Resource Economics". 2017 Journal Citation Reports . Web of Science (Science ed.). Thomson Reuters. 2018.