Ocean Action Hub

27 Nov 2020 - To end overfishing, we need to over eliminate harmful fisheries subsidies, SDG 14's Target 6.  

  • More than one-third of global fish stocks are being overfished.
  • Every year, $22 billion is spent to subsidize overfishing, which overexploits the ocean's resources and puts food and job security at risk.
  • This environmental and social justice issue can be stopped by eliminating harmful fisheries subsidies.

Fish in the ocean can seem a world away from the real-life struggles of people on land. But every year, $22 billion in public funds are being spent to subsidize overfishing, which puts food and job security at risk around the world.

Since the great majority of these subsidies goes to industrial fishing fleets, the very survival of countless coastal communities relying on small-scale artisanal fishing is being jeopardized.

Today is World Fisheries Day – an important reminder of the need to stop the perverse practice of subsidizing industrial fishing fleets that are overexploiting the ocean’s resources.

Five years ago at the United Nations, world leaders consensually agreed to the Sustainable Development Goals (SDGs), which includes the elimination of harmful fisheries subsidies by 2020. The target explicitly aims to end overfishing, illegal fishing and the overcapacity of fishing fleets.

CONTINUE READING ONLINE HERE: https://www.weforum.org/agenda/2020/11/overfishing-is-a-social-injustice-to-end-it-we-need-to-eliminate-harmful-fisheries-subsidies-world-fisheries-day

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Publication date: 
Publication Organisation: 
World Economic Forum (WEF)
Publication Author: 
Peter Thomson, UN Secretary-General's Special Envoy for the Ocean
Thematic Area: 
Sustainable fisheries