This tragic front page report from the International Herald Tribune shows that fishing subsidies have not only devastating effects on fish, but on the fishermen who catch them as well. In boom times, EU fishing subsidies encouraged Spanish fishermen to upgrade to larger, more destructive vessels, only to find their fishing quotas drastically reduced once the fish stocks were depleted.
Many fishermen now find themselves dependent on the government subsidies which are propping up an unprofitable industry that, in the EU, is two to three times larger than what sustainable limits allow. As the article says:
“The impact has devastated much of Spain’s coastal economy. It has also generated intensifying criticism of European Union policies that, environmental groups and experts say, have increased fishing communities’ dependency on subsidies to make up for the decline in both revenues and fish populations, even as the bloc continues to pay generous subsidies to scrap older vessels to upgrade Europe’s fleet. The new boats are typically bigger and more powerful, adding pressure on declining fish populations.”
The article also references an Oceana study published last year that outlines the insanity of the European Union’s fishing subsidy policies. According to that study 13 of the 27 EU countries receive subsidies larger than the value of their catch.
A separate report in 2010, A bottom-up re-estimation of global fisheries subsidies, estimated that, worldwide, $16 billion in annual fishing subsidies directly promoted overfishing. The report stated, “The role of subsidies to the issue of overcapacity and overfishing cannot be sufficiently emphasized.”
Help Oceana fight to end these destructive and counterproductive subsidies and to restore the abundance of the oceans.