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The Prestige Oil Spill and its Economic Impact on the Fishing Sector in Galicia (Spain)

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Abstract
  • The sinking of the oil tanker the Prestige in November 2002 off the coast of Galicia in Spain had an important social, environmental and economic impact. The aim of this paper is to carry out an initial analysis of the costs relating to a halt in the activity of an essential part of fishing activity in Galicia between November 2002 and December 2003. We have followed three different steps to do this: the evaluation of the compensation given to fishermen, the estimation of the loss of income on account of the drop in production and then the estimation of these losses by means of questionnaires. The results obtained following these three steps are compatible and the estimated losses for the Galician fishing sector have already exceeded 76 million €.
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Citation
  • Garza-Gil, M. Dolores, Juan C. Suris-Regueiro and Manuel M. Varela-Lafuente. 2006. The Prestige Oil Spill and its Economic Impact on the Fishing Sector in Galicia (Spain). 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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