The Cost of Overfishing? $36 Billion … and Counting
For the past couple decade’s scientists, and increasingly laymen, have been talking loudly about just how badly man has overfished the world’s ocean.
But statistic piled upon statistic haven’t seemed to slow our rapacious take; the World Wildlife Fund still insists that at today’s rate by 2050 every species of fish currently known, will be gone.
Maybe this will help. A brand new analysis shows how unsustainable fishing is taking food out of the mouth’s of the world’s poorest and at the same time costing the international economy somewhere between $36 and $100 billion a year.
The report by economist Rashid Sumaila, working with the University of British Columbia’s Fisheries Centre and supported by the Pew Environment Group, suggests that well-managed fisheries may simultaneously help both the natural resource and the bottom line.
(For the rest of my dispatch go to takepart.com)
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