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ShutterstockTowards an end to subsidies that promote overfishing
Overfishing is one of the main problems for the health of our ocean. And the provision of negative subsidies to the fishing sector is one of the fundamental causes of overfishing.
Fishing subsidies are financial contributions, direct or indirect, that public entities grant to the industry.
Depending on their impacts, they can be beneficial when they promote the growth of fish stocks through conservation and fishery resource management tools. And they are considered negative or detrimental when they promote overfishing with support for, for example, increasing the catch capacity of a fishing fleet.
It is estimated that every year, governments spend approximately 22 billion dollars in negative subsidies to compensate costs for fuel, fishing gear and vessel improvements, among others.
Recent data show that, as a result of this support, 63% of fish stocks worldwide must be rebuilt and 34% are fished at "biologically unsustainable" levels.
Although negotiations on fisheries subsidies, within the framework of the World Trade Organization, officially began in 2001, it was not until the 2017 WTO Ministerial Conference that countries committed to taking action to reach an agreement.
This finally happened in June 2022, when member countries of the World Trade Organization reached, after more than two decades, a binding agreement to curb some harmful fisheries subsidies. It represents a fundamental step toward achieving the effective management of our fisheries resources, as well as toward ensuring global food security and the livelihoods of coastal communities.
The agreement reached at the 12th WTO Ministerial Conference provides for the creation of a global framework to reduce subsidies for illegal, unreported and unregulated fishing; subsidies for fishing overexploited stocks; and subsidies for vessels fishing on the unregulated high seas. It also includes measures aimed at greater transparency and accountability in the way governments support their fisheries sector.
The countries agreed to continue negotiating rules to curb other harmful subsidies, such as those that promote fishing in other countries' waters, overfishing and the overcapacity of a fleet to catch more fish than is sustainable.
If we want to have abundant and healthy fishery resources, it is time to change the way we have conceived fishing until now. We must focus our efforts on creating models of fishery use that allow for long-term conservation.
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Geneva Conference must give clarity to climate finance
Negotiations for a new climate agreement, initiated last December during the United Nations Framework Convention on Climate Change (COP 20) in Lima, Peru, will continue this week in Geneva, Switzerland. Delegates there will work on detailing the various elements to be included in the negotiating text of the new climate agreement, including climate finance. Climate finance is a key factor in enabling developing countries to confront climate change effectively. "We hope the Geneva session concludes with a negotiating text that provides clarity for predictable and sustainable financing," said Andrea Rodriguez, attorney with the Interamerican Association for Environmental Defense (AIDA). "The agreement needs to establish with certainty the sources of finance, which institutions will mobilize and manage them, and how they will be disbursed, in order to ensure that these efforts contribute to low-emission, climate-resilient development in developing countries." The Conference in Peru ended with the Lima Call for Climate Action, a document whose annexes contain the essential elements for a draft negotiating text of the new climate agreement, which will be signed later this year at COP 21 in Paris. Delegates in Geneva are expected to intensify work on those key elements, and produce a negotiating text that will have legal force under the United Nations Framework Convention on Climate Change. Given the importance of the Geneva conference, AIDA is providing climate finance recommendations for negotiators to incorporate into the draft text of the new climate agreement: Clear provisions regarding who is required to mobilize resources. Clear goals beyond 2020 for a road map towards annual public financing targets. Scaling up of resources to ensure compliance with the existing commitment to mobilize $100 million by 2020, and to allow countries to plan their climate actions. Predictable, adequate and sufficient climate finance to promote the transition to low-carbon, climate-resilient development in developing countries. 50:50 balanced allocation of resources for adaptation and mitigation actions. Definitions of climate finance and climate investment. Clarity on which climate finance institutions will operate under the convention. Recognition of the Green Climate Fund as the primary channel to mobilize resources, without the exclusion of other funds. Strengthen the mandate of the Standing Committee of Finance to enhance coordination and coherence of work between different financial institutions.
Read moreGeneva Conference must give clarity to climate finance
Negotiations for a new climate agreement, initiated last December during the United Nations Framework Convention on Climate Change (COP 20) in Lima, Peru, will continue this week in Geneva, Switzerland. Delegates there will work on detailing the various elements to be included in the negotiating text of the new climate agreement, including climate finance. Climate finance is a key factor in enabling developing countries to confront climate change effectively. "We hope the Geneva session concludes with a negotiating text that provides clarity for predictable and sustainable financing," said Andrea Rodriguez, attorney with the Interamerican Association for Environmental Defense (AIDA). "The agreement needs to establish with certainty the sources of finance, which institutions will mobilize and manage them, and how they will be disbursed, in order to ensure that these efforts contribute to low-emission, climate-resilient development in developing countries." The Conference in Peru ended with the Lima Call for Climate Action, a document whose annexes contain the essential elements for a draft negotiating text of the new climate agreement, which will be signed later this year at COP 21 in Paris. Delegates in Geneva are expected to intensify work on those key elements, and produce a negotiating text that will have legal force under the United Nations Framework Convention on Climate Change. Given the importance of the Geneva conference, AIDA is providing climate finance recommendations for negotiators to incorporate into the draft text of the new climate agreement: Clear provisions regarding who is required to mobilize resources. Clear goals beyond 2020 for a road map towards annual public financing targets. Scaling up of resources to ensure compliance with the existing commitment to mobilize $100 million by 2020, and to allow countries to plan their climate actions. Predictable, adequate and sufficient climate finance to promote the transition to low-carbon, climate-resilient development in developing countries. 50:50 balanced allocation of resources for adaptation and mitigation actions. Definitions of climate finance and climate investment. Clarity on which climate finance institutions will operate under the convention. Recognition of the Green Climate Fund as the primary channel to mobilize resources, without the exclusion of other funds. Strengthen the mandate of the Standing Committee of Finance to enhance coordination and coherence of work between different financial institutions.
Read moreGeneva Conference must give clarity to climate finance
Negotiations for a new climate agreement, initiated last December during the United Nations Framework Convention on Climate Change (COP 20) in Lima, Peru, will continue this week in Geneva, Switzerland. Delegates there will work on detailing the various elements to be included in the negotiating text of the new climate agreement, including climate finance. Climate finance is a key factor in enabling developing countries to confront climate change effectively. "We hope the Geneva session concludes with a negotiating text that provides clarity for predictable and sustainable financing," said Andrea Rodriguez, attorney with the Interamerican Association for Environmental Defense (AIDA). "The agreement needs to establish with certainty the sources of finance, which institutions will mobilize and manage them, and how they will be disbursed, in order to ensure that these efforts contribute to low-emission, climate-resilient development in developing countries." The Conference in Peru ended with the Lima Call for Climate Action, a document whose annexes contain the essential elements for a draft negotiating text of the new climate agreement, which will be signed later this year at COP 21 in Paris. Delegates in Geneva are expected to intensify work on those key elements, and produce a negotiating text that will have legal force under the United Nations Framework Convention on Climate Change. Given the importance of the Geneva conference, AIDA is providing climate finance recommendations for negotiators to incorporate into the draft text of the new climate agreement: Clear provisions regarding who is required to mobilize resources. Clear goals beyond 2020 for a road map towards annual public financing targets. Scaling up of resources to ensure compliance with the existing commitment to mobilize $100 million by 2020, and to allow countries to plan their climate actions. Predictable, adequate and sufficient climate finance to promote the transition to low-carbon, climate-resilient development in developing countries. 50:50 balanced allocation of resources for adaptation and mitigation actions. Definitions of climate finance and climate investment. Clarity on which climate finance institutions will operate under the convention. Recognition of the Green Climate Fund as the primary channel to mobilize resources, without the exclusion of other funds. Strengthen the mandate of the Standing Committee of Finance to enhance coordination and coherence of work between different financial institutions.
Read more