The London-based New Economics Foundation, based in London, is arguing that halting commercial fishing in Europe would allow fisheries to return to sustainable levels within five years, generating a lot of profit.
In the European Union, about 75 percent of stocks are overfished, but a senior UK fishing industry representative claims that stocks are already improving so the idea of freezing fisheries makes no sense.
The report, No Catch Investment, looked at 51 out of 150 commercial fish stocks. They found that most stocks would return to sustainable levels within five years. Some fish, like herring, would need less than a year; others, like cod and halibut, would require at least nine years.
“I don’t think it makes sense at any level: biological, economic or political,” Barry Deas, chief executive of the National Federation of Fishermen’s Organizations told the BBC. “On the whole, we are already moving towards maximum sustainable yields so why would it make sense to spend these huge amounts of money?”
But Aniol Esteban, co-author of the No Catch Investment report says that “overfishing is not being tackled for the majority of affected stocks, or at a fast enough pace.”
You can read more from the BBC here: Call to freeze fishing in Europe to replenish stocks
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