Selected tag(s): smart fisheries

Sustainable European fisheries depend upon sustainable investment mechanisms

fishing boats, Greece

Fishing Boats in Kos Island, Greece. Photo Credit: Britt Groosman

After years of deliberation, the European Union has finalized proposals to reform the Common Fisheries Policy (CFP), the EU’s framework for fisheries management. The new policy promises a better future for both fishermen and fish by providing a comprehensive management system designed to restore healthy marine environments while supporting profitable fisheries and thriving coastal communities. The new CFP, which will enter into force in January 2014, calls for Member States to take steps that will ultimately eliminate the wasteful practice of discarding fish at sea. It also requires fishing at sustainable levels by achieving Maximum Sustainable Yield (MSY), and supports a regionalized approach through decentralized decision-making.

Funding transformative change:

These are ambitious requirements that must be adequately funded in order to achieve the policy objectives outlined by the new agreement. The CFP’s funding instrument – the European Maritime Fisheries Fund (EMFF) – will provide resources to help fishermen in the transition to sustainable fishing; supporting coastal communities in diversifying their economies; financing projects that create new jobs; and making it easier for fishermen to access adequate financing. The EMFF is being reformed simultaneously with the CFP and in late October the European Parliament voted in plenary on proposed amendments. Overall, the results are positive and outcomes – such as the refusal to subsidize the construction of new vessels and increases in funding for data collection and control of illegal fishing – gives hope that the EMFF will ultimately complement the new CFP and make true transformation possible. Read More »

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