The UN report, ‘Towards a Green Economy’ , claims that a paradigm shift to a “green economy” can start the move towards a sustainable world while generating high growth rates. The report contains a chapter on fisheries which contends that fisheries subsidies – estimated at around US $27 billion a year globally, and US$ 3 billion in the EU – result in more damage than long-term gains to national economies. The UN strategy includes limiting subsidies to those used for management, which would generate estimated global savings of US$ 19 billion annually. The total value added to the global economy from fishing in the green scenario is estimated at US$ 67 billion a year, compared to US$ 17 billion a year with current fisheries. This would be a net increase of US$ 50 billion a year. Key to achieving this is a reduction in excessive fleet capacity. The key points in the fisheries chapter are here

TAGS: World, fisheries, sustainable, greening, green economy, UNEP, fisheries subsidies, overcapacity

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