Introduce economic incentives to encourage sustainable fishing
Overall effectiveness category Awaiting assessment
Number of studies: 0
Background information and definitions
Sustainable fishing practices limit harvest levels to prevent overfishing and help reduce unwanted catch. However, for fishers, fishing more sustainably may involve changing to a more selective fishing gear or a reduction in catch quantities, both of which incur economic outlay or loss. Economic incentives to use or change to more sustainable practices, and thus reduce the effects of overfishing, may encourage uptake by helping to offset economic losses (Costello et al. 2010).
Costello C., Lynham J., Lester S.E. & Gaines S.D. (2010) Economic incentives and global fisheries sustainability. Annual Review of Resource Economics, 2, 299–318.