Benefits of rebuilding global marine fisheries outweigh costs

Ussif Rashid Sumaila, William W L Cheung, Andrew Dyck, Kamal Gueye, Ling Huang, Vicky W Y Lam, Daniel Pauly, Thara Srinivasan, Wilf Swartz, Reginald Watson, Dirk Zeller

Research output: Contribution to journalArticle

74 Citations (Scopus)

Abstract

Global marine fisheries are currently underperforming, largely due to overfishing. An analysis of global databases finds that resource rent net of subsidies from rebuilt world fisheries could increase from the current negative US$13 billion to positive US$54 billion per year, resulting in a net gain of US$600 to US$1,400 billion in present value over fifty years after rebuilding. To realize this gain, governments need to implement a rebuilding program at a cost of about US$203 (US$130-US$292) billion in present value. We estimate that it would take just 12 years after rebuilding begins for the benefits to surpass the cost. Even without accounting for the potential boost to recreational fisheries, and ignoring ancillary and non-market values that would likely increase, the potential benefits of rebuilding global fisheries far outweigh the costs.

Original languageEnglish
Article numbere40542
Pages (from-to)1-12
JournalPLoS One
Volume7
Issue number7
DOIs
Publication statusPublished - 13 Jul 2012
Externally publishedYes

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Fisheries
marine fisheries
fisheries
Costs and Cost Analysis
sport fishing
overfishing
subsidies
Costs
Databases

Cite this

Sumaila, U. R., Cheung, W. W. L., Dyck, A., Gueye, K., Huang, L., Lam, V. W. Y., ... Zeller, D. (2012). Benefits of rebuilding global marine fisheries outweigh costs. PLoS One, 7(7), 1-12. [e40542]. https://doi.org/10.1371/journal.pone.0040542
Sumaila, Ussif Rashid ; Cheung, William W L ; Dyck, Andrew ; Gueye, Kamal ; Huang, Ling ; Lam, Vicky W Y ; Pauly, Daniel ; Srinivasan, Thara ; Swartz, Wilf ; Watson, Reginald ; Zeller, Dirk. / Benefits of rebuilding global marine fisheries outweigh costs. In: PLoS One. 2012 ; Vol. 7, No. 7. pp. 1-12.
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Sumaila, UR, Cheung, WWL, Dyck, A, Gueye, K, Huang, L, Lam, VWY, Pauly, D, Srinivasan, T, Swartz, W, Watson, R & Zeller, D 2012, 'Benefits of rebuilding global marine fisheries outweigh costs' PLoS One, vol. 7, no. 7, e40542, pp. 1-12. https://doi.org/10.1371/journal.pone.0040542

Benefits of rebuilding global marine fisheries outweigh costs. / Sumaila, Ussif Rashid; Cheung, William W L; Dyck, Andrew; Gueye, Kamal; Huang, Ling; Lam, Vicky W Y; Pauly, Daniel; Srinivasan, Thara; Swartz, Wilf; Watson, Reginald; Zeller, Dirk.

In: PLoS One, Vol. 7, No. 7, e40542, 13.07.2012, p. 1-12.

Research output: Contribution to journalArticle

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Sumaila UR, Cheung WWL, Dyck A, Gueye K, Huang L, Lam VWY et al. Benefits of rebuilding global marine fisheries outweigh costs. PLoS One. 2012 Jul 13;7(7):1-12. e40542. https://doi.org/10.1371/journal.pone.0040542