Wednesday, June 19, 2024
Hawai'i Free Press

Current Articles | Archives

Friday, June 1, 2012
Does New Zealand Have the Answer to Overfishing?
By NCPA @ 2:52 PM :: 6100 Views :: World News, Family

The Problem of Overfishing

from NCPA

While environmentalists have clamored to take on a number of issues in recent years, the substantial issues involved in overfishing have remained relatively quiet. Overfishing is international in scope, has been ongoing since the end of the Second World War, and is generally caused by bad government policy. And it poses real problems for the world's aquaculture-dependent nations, say Iain Murray and Roger Abbott of the Competitive Enterprise Institute.

Nevertheless, government policies are contributing to the problem. Billions of dollars in subsidies bestowed on the fishing industry by many governments make overfishing profitable. At the same time, the absence of property rights over fish in most countries means that there is no incentive for any party to husband this resource. The result is the gross abuse of a scarce resource.

According to the most recent fisheries study by the United Nations Food and Agriculture Organization, 85 percent of world fish stocks for which assessment information is available are either fully exploited or overexploited, depleted or recovering from depletion.

The study found that 32 percent are classified as overexploited, depleted or recovering, thus yielding less than their maximum potential production.

This percentage is the highest that has been seen in the decades of study, indicating that the problem of overfishing is becoming more severe.

To curb this trend and to bring fisheries back to their optimal level of production, governments should consider implementing a property rights-granting system like the Individual Transferable Quota System in New Zealand.

New Zealand established a total allowable catch (TAC) for the country, and then distributed quota permits based on compliance with the TAC.

The government first released quotas in 1986, granting them for 10-year periods.

Over the years, the government used trial and error to optimize the system, eventually granting permits in perpetuity and basing quotas on a percentage of the TAC rather than tonnage.

The market for quota permits is very active, with more than 120,000 leases and 30,000 sales of quotas as of the end of the 1998 fishing year.

In 2008, researchers Christopher Costello, Steven Gaines and John Lynham found that if catch shares had been instituted globally from 1970, then the incidence of fishery collapse would have been reduced by two-thirds.

Source: Iain Murray and Roger Abbott, "Give a Man a Fish," Competitive Enterprise Institute, May 17, 2012.



TEXT "follow HawaiiFreePress" to 40404

Register to Vote


Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together


Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii