Establishing company level fishing revenue and profit losses from fisheries: A bottom-up approach

A third of global fish stocks are overexploited and many are economically underperforming, resulting in potential unrealized net economic benefits of USD 51 to 83 billion annually. However, this aggregate view, while useful for global policy discussion, may obscure the view for those actors who engage at a regional level. Therefore, we develop a method to associate large companies with their fishing operations and evaluate the biological sustainability of these operations. We link current fish biomass levels and landings to the revenue streams of the companies under study to compute potentially unrealized fisheries revenues and profits at the level of individual firms. We illustrate our method using two case studies: anchoveta (Engraulis ringens; Engraulidae) in Peru and menhaden in the USA (Brevoortia patronus and B. tyrannus;Clupeidae). We demonstrate that both these fisheries could potentially increase their revenues compared to the current levels of exploitation. We estimate the net but unrealized fishery benefits for the companies under question. This information could be useful to investors and business owners who might want to be aware of the actual fisheries performance options of the companies they invest in.

Climate change impacts on marine biodiversity, fisheries and society in the Arabian Gulf.

Climate change–reflected in significant environmental changes such as warming, sea level rise, shifts in salinity, oxygen and other ocean conditions–is expected to impact marine organisms and associated fisheries. This study provides an assessment of the potential impacts on, and the vulnerability of, marine biodiversity and fisheries catches in the Arabian Gulf under climate change. To this end, using three separate niche modelling approaches under a ‘business-as-usual’ climate change scenario, we projected the future habitat suitability of the Arabian Gulf (also known as the Persian Gulf) for 55 expert-identified priority species, including charismatic and non-fish species. Second, we conducted a vulnerability assessment of national economies to climate change impacts on fisheries. The modelling outputs suggested a high rate of local extinction (up to 35% of initial species richness) by 2090 relative to 2010. Spatially, projected local extinctions are highest in the southwestern part of the Gulf, off the coast of Saudi Arabia, Qatar and the United Arab Emirates (UAE). While the projected patterns provided useful indicators of potential climate change impacts on the region’s diversity, the magnitude of changes in habitat suitability are more uncertain. Fisheries-specific results suggested reduced future catch potential for several countries on the western side of the Gulf, with projections differing only slightly among models. Qatar and the UAE were particularly affected, with more than a 26% drop in future fish catch potential. Integrating changes in catch potential with socio-economic indicators suggested the fisheries of Bahrain and Iran may be most vulnerable to climate change. We discuss limitations of the indicators and the methods used, as well as the implications of our overall findings for conservation and fisheries management policies in the region.

Assessing trade-offs in large marine protected areas.

Large marine protected areas (LMPAs) are increasingly being established and have a high profile in marine conservation. LMPAs are expected to achieve multiple objectives, and because of their size are postulated to avoid trade-offs that are common in smaller MPAs. However, evaluations across multiple outcomes are lacking. We used a systematic approach to code several social and ecological outcomes of 12 LMPAs. We found evidence of three types of trade-offs: trade-offs between different ecological resources (supply trade-offs); trade-offs between ecological resource conditions and the well-being of resource users (supply-demand trade-offs); and trade-offs between the well-being outcomes of different resource users (demand trade-offs). We also found several divergent outcomes that were attributed to influences beyond the scope of the LMPA. We suggest that despite their size, trade-offs can develop in LMPAs and should be considered in planning and design. LMPAs may improve their performance across multiple social and ecological objectives if integrated with larger-scale conservation efforts.

Impact of high seas closure on food security in low income fish dependent countries.

We investigate how high seas closure will affect the availability of commonly consumed food fish in 46 fish reliant, and/or low income countries. Domestic consumption of straddling fish species (fish that would be affected by high seas closure) occurred in 54% of the assessed countries. The majority (70%) of countries were projected to experience net catch gains following high seas closure. However, countries with projected catch gains and that also consumed the straddling fish species domestically made up only 37% of the assessed countries. In contrast, much fewer countries (25%) were projected to incur net losses from high seas closure, and of these, straddling species were used domestically in less than half (45%) of the countries. Our findings suggest that, given the current consumption patterns of straddling species, high seas closure may only directly benefit the supply of domestically consumed food fish in a small number of fish reliant and/or low income countries.