09 Oct '11, 12am

UK fishing fleets fail to deliver best value to society

Allocating fish quota and funds across the fleet without any social and environmental criteria is costing the UK economy, environment and society, according to a new report from leading independent think-tank nef (the new economics foundation), published today, Saturday 8th October 2011. Current allocation of fish quota and funds across the fleet fails to deliver “best value to society” with some cases delivering negative value. The report, Value slipping through the net , reveals the inefficiency of a system which rewards those who underperform in social, economic and environmental terms and punishes those that generate more societal benefits. The report compares two types of fishing – gillnets and trawlers – in terms of value created for society in terms of net revenues, employment, subsidies, discards, and GHG emissions. The results found that over the 2006–2008 period:...

Full article: http://www.neweconomics.org/press-releases/uk-fishing-fle...

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