Each year, thirteen million anglers enjoy the sport of saltwater angling in the United States, generating an estimated $30 billion in sales and supporting nearly 350,000 jobs. Recreational saltwater fishing, however, can significantly impact species of concern-species overfished or experiencing overfishing. Traditional angling controls-bag and size limits and restricted seasons-have fallen short in controlling fishing impacts and reducing conflicts among fishing and non-fishing interests.

Economic losses in marine fisheries resulting from poor management, inefficiencies, and overfishing add up to US50 billion per year. Taken over the last three decades, these losses total over US2 trillion, a figure roughly equivalent to the GDP of Italy.The Sunken Billions: The Economic Justification for Fisheries Reform argues that well-managed marine fisheries could turn most of these losses into sustainable economic benefits for millions of fishers and coastal communities.According to this...

The northern cod have been almost wiped out. Once the most plentiful fish on the Grand Banks off the coast of Newfoundland, the cod is now on the brink of extinction, and tens of thousands of people in Atlantic Canada have been left without work by a 1992 moratorium on fishing the stock. Today, the Pacific salmon stocks are in similar trouble – victims of the same blind, stupid greed.Angry, accusatory fingers have been pointed at various possible culprits for the collapse of the co...

Fishing has played a vital role in human history and culture. But today this key resource faces a serious crisis as most species are being overfished or fished to their very limit. Governments have tried to tackle the problem with limited success. Many of their actions have been counterproductive or ineffective. What will happen to global fisheries, and the populations that depend on them, as we continue to catch more fish than the oceans can reproduce?This book explores the causes...

In recent years, the number of presidential declarations of “major disasters” has skyrocketed. Such declarations make stricken areas eligible for federal emergency relief funds that greatly reduce their costs. But is federalizing the costs of disasters helping to lighten the overall burden of disasters or is it making matters worse? Does it remove incentives for individuals and local communities to take measures to protect themselves? Are people more likely to invest in property in hazardo...

Since the turn of the millennium, more than one million people have been killed and 2.3 billion others have been directly affected by natural disasters around the world. In cases like the 2010 Haiti earthquake or the 2004 Indian Ocean tsunami, these disasters have time and time again wrecked large populations and national infrastructures. While recognizing that improved rescue, evacuation, and disease control are crucial to reducing the effects of natural disasters, in the final analysis, ...

Too many fishing vessels chasing too few fish is a persistent problem in many countries. To address this, governments often turn to vessel decommissioning schemes as a means of adjusting fishing capacity to match available fish resources. This report presents a set of best practice guidelines on the design and implementation of decommissioning schemes. By drawing on case studies of decommissioning schemes from OECD and non-OECD countries, it provides policy makers and fisheries managers wi...

Written by Ernesto Penas of the European Commission's Directorate-General for Maritime Affairs and Fisheries, this thorough and comprehensive book provides a full understanding of the European Commission's common fisheries policy (CFP), which is of major importance to all fisheries scientists and managers.Commencing with introductory chapters which look at the history behind the CFP, its birth and enlargement, this excellent book continues with chapters covering the major aspects o...

Environmental Markets explains the prospects of using markets to improve environmental quality and resource conservation. No other book focuses on a property rights approach using environmental markets to solve environmental problems. This book compares standard approaches to these problems using governmental management, regulation, taxation, and subsidization with a market-based property rights approach. This approach is applied to land, water, wildlife, fisheries, and air and is compared...

Macroeconomics in Small Island States brings to the reader similar subjects as in a traditional economics reader, but now in the context of small islands. To insure a level of societal well-being an island state develops an economic infrastructure that can be useful to attract foreign investors, and makes efforts to obtain continuous financing for activities to boost social and economic progress as well as international competitiveness.The colonial domination of the past and the lo...

Though many students and environmentalists shudder at even the thought of economics, a working knowledge of the basics can be a powerful ally. Economic arguments carry a great deal of weight, and putting them to work for environmental causes can be a deciding factor, especially in policy debates. The reverse is true as well, and an understanding of the possibly flawed, misleading, or overstated economics behind an opponent's case can be crucially important.Environmental Economics f...

Our knowledge of the oceans is increasing rapidly, as more powerful tools for exploration and exploitation make it easier to locate valuable resources, such as fish stocks, oil and gas reserves, or sites for wind and hydropower schemes. At the same time competition for space has intensified, affecting marine life and people's livelihoods. Much has been written about marine management using marine protected areas, but MPAs are only a small subset of spatial management tools available. MPAs ...