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Market Based Environmental Standards for Sustainable Fisheries

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  • Many fisheries management agencies struggle with developing management frameworks that can deliver sustainable fisheries. Over fishing, by-catch of non-target fish species, marine mammals, seabirds, and damage to benthic habitats remain serious problems. Management methods based on traditional command and control approaches may meet with initial successes yet additional progress is often marginal requiring managers to implement additional regulations to achieve improvements in environmental performance. In contrast to the terrestrial environment, few policymakers in the marine environment have actively experimented with market-based policy tools for controlling fishing impacts on the marine environment. This institutional inertia is due to poorly developed property rights for marine resources and habitats, institutional constraints, paucity of relevant policy models, and lack of political will and institutional creativity. Developing rights based standards for large scale aspects of marine ecosystems may be perceived as technically too difficult, politically too challenging, and legally in conflict with public trust doctrine. Despite these barriers, market-based standards, particularly in the context of rights-based systems such as dedicated access privileges, are potentially powerful instruments for addressing environmental externalities in the marine environment. This paper identifies market-based approaches used in terrestrial contexts that have potential for managing the environmental impacts of fishing. It explores key issues in the use of market based environmental standards in fisheries management and demonstrates through case studies how the use of market-base approaches can enhance traditional command and control approaches to environmental standards for fisheries.
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  • Sylvia, Gil, Michael Harte and Brycen Swart. 2006. Market Based Environmental Standards for Sustainable Fisheries. In: Proceedings of the Thirteenth Biennial Conference of the International Institute of Fisheries Economics & Trade, July 11-14, 2006, Portsmouth, UK: Rebuilding Fisheries in an Uncertain Environment. Compiled by Ann L. Shriver. International Institute of Fisheries Economics & Trade, Corvallis, Oregon, USA, 2006. CD ROM. ISBN 0-9763432-3-1
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  • The National Oceanic & Atmospheric Administration Marine Fisheries Service, United States Department of Commerce (NOAA Fisheries); United Kingdom Department for Environment, Food and Rural Affairs (DEFRA); The United States Agency for International Development supported Aquaculture Collaborative Research and Support Program (ACRSP).
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