Infinity Fish

Economics and the Future of Fish and Fisheries

1st Edition - October 19, 2021
Author: Ussif Rashid Sumaila
Language: English
Paperback ISBN:
9 7 8 - 0 - 1 2 - 8 2 3 8 1 6 - 5
eBook ISBN:
9 7 8 - 0 - 1 2 - 8 2 4 1 9 3 - 6

Infinity Fish: Economics and the Future of Fish and Fisheries is a practical and science-based reference that demonstrates how to value the benefits from restored marine ecosystem… Read more

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Infinity Fish: Economics and the Future of Fish and Fisheries is a practical and science-based reference that demonstrates how to value the benefits from restored marine ecosystems to sustain ocean and fishery resources for years to come. It discusses ecological and economical aspects to support the preservation of marine resources by understanding cost-benefits of fishery management systems. The book explains the economic benefits of restoring ecosystems that have been overexploited and how to maintain fisheries in a sustainable level.

Infinity Fish: Economics and the Future of Fish and Fisheries
is a useful reference to a wide range of audiences. It is for those who wish to make systematic efforts to develop their fisheries sector, scientists and researchers, anyone in fisheries management, marine resource management, economists, fish farmers, policy makers, leaders and regulators, operations researchers, as well as faculty and students.　

Cover image
Title page
Table of Contents
Copyright
Dedication
List of figures
List of tables
Preface
Acknowledgments
Chapter 1. Introduction
Abstract
Broadening the scope of what we value
Intergenerational discounting
Applications of the intergenerational discounting approach
Tackling broader issues in support of Infinity fish
Epilogue
References
Chapter 2. Getting values and valuation right is a must for achieving Infinity Fish
Abstract
Introduction
Theory of valuation
The practice of valuation
Results of the survey
Measuring market values
Measuring option and existence values
Incorporating bequest value
Conclusion
References
Chapter 3. Comprehensive valuation of benefits from restored ecosystems needed for Infinity Fish
Abstract
Introduction
Economic valuation
Case study: past and present ecosystems of the Strait of Georgia
Concluding remarks
References
Chapter 4. Making future generations count via discounting to ensure Infinity Fish: a static model
Abstract
Introduction
Why the need for marine ecosystem restoration?
The conventional cost-benefit analysis
The need for a new cost–benefit analysis approach
The intergenerational CBA
Application of approach to an ecosystem model of Iceland
Results
Conclusion
References
Chapter 5. Making future generations count via discounting to ensure Infinity Fish: a dynamic model
Abstract
Introduction
Rationale for the new approach
Deriving the intergenerational discounting equation
Comparing intergenerational and standard discounting
Concluding remarks
References
Chapter 6. Making future generations count via discounting to ensure Infinity Fish: an example
Abstract
Introduction
Methods
Valuation of the harvest profile
Results
Discussion
References
Chapter 7. An ecological-economic model for spatial management in support of Infinity Fish
Abstract
Introduction
Methods
Results
Discussion
Conclusion
References
Chapter 8. The performance of different fisheries management systems in relation to Infinity Fish
Abstract
Introduction
The rationale for discounting
Property rights, institutional hierarchies, and alternative management systems
Exogenous discount factors
Endogenous discount factors
Discussion
Conclusion
References
Chapter 9. Good governance of ocean and fish stocks needed to ensure Infinity Fish
Abstract
Introduction
Global fisheries: current state and socioeconomic contributions
Challenges to successful governance
The common property or open-access nature of fishery resources
Climate change, ocean warming, and acidification
Government subsidies to the fishing sector
Technological progress and increasing trade in the face of ineffective governance
Illegal, unreported, unregulated (IUU) fishing
Shortsightedness in valuation
A meaningful role for aquaculture
Concluding remarks
References
Chapter 10. Addressing the common property nature of fish stocks in support of Infinity Fish
Abstract
Introduction
Ecological concerns with ITQ management
Social and equity concerns with ITQ management
A balanced approach to the use of ITQs and catch shares in fisheries management
Conclusion
References
Chapter 11. Fisheries subsidies are an obstacle to achieving Infinity Fish
Abstract
Introduction
Methods
Results
Discussion
Concluding remarks
References
Chapter 12. Rebuild depleted fish stocks to ensure Infinity Fish
Abstract
Introduction
Results
Discussion
Materials and methods
References
Chapter 13. Avoid oil spills to support Infinity Fish
Abstract
Introduction
Materials and methods
Results
Discussion
References
Chapter 14. Illegal and illicit trade in fish catch are incompatible with Infinity Fish
Abstract
Introduction
Channels and scale of illicit trade in fisheries
Quantify the losses to Africa due to illicit trade
Assessing the role of governance, corruption, and enforcement capacity in the incidence of illicit trade in the sector
Impact of the loss from illicit trade
Policy response for curbing illicit trade in fish and fish products
A call to further action to prevent, deter, and eliminate illicit trade in Africa’s marine resources
Case Studies
Role of regional institutions such as the African Development Bank
Conclusion
References
Chapter 15. Climate change is a huge challenge to Infinity Fish
Abstract
Introduction
Biophysical impacts on fisheries
Changes in the productivity of fish stocks
Shifts in fish-stock distribution
Changes in ecosystem productivity
Projecting fisheries impacts into the future
Economic impacts on fisheries
Impact on prices and ex-vessel revenues
Impact on fishing costs
Impact on resource rent and other indicators
Adapting fisheries for the future
Conclusion
References
Chapter 16. Overfishing, climate change, and the chance of achieving Infinity Fish
Abstract
Introduction
A broad definition of overfishing
Climate change impacts on fish and ocean life
How ending overfishing can increase fish stock resilience under climate change
Policies and actions to end overfishing
Concluding remarks
References
Chapter 17. Epilogue—knowing the cost of everything but the value of nothing
Abstract
References
Appendices
Appendix 5.1 Derivation of intergenerational discounting equation
Appendix 5.2 Making future generations count: comment on “Remembering the future”
Appendix 7.1 Country-level discount rates
Appendix 11.1 Subsidy types and definitions
Appendix 11.2 Scientific listening tour
Appendix 12.1 Key fisheries data for Africa
Appendix 12.2 Key fisheries data for Asia
Appendix 12.3 Key fisheries data for Europe
Appendix 12.4 Key fisheries data for North America
Appendix 12.5 Key fisheries data for Oceania
Appendix 12.6 Key fisheries data for South, Central America, and the Caribbean
Appendix 13.1 More on input–output models
Appendix 14.1 Losses due to illicit trade in Africa’s marine resources
Appendix 14.2 Economic, income multipliers and economic impact to job ratios
Appendix 14.3 Impacts of illicit trade in Africa’s marine resources
Index

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Ussif Rashid Sumaila