Fisheries

You are here

Fish and fish products constitute a major source of income, food, employment and recreation in the global economy (FAO, 2014). Fish products are also essential to food security, providing over 3 billion people almost 20 percent of their intake of animal protein. Many fisheries practices are unsustainable, however, due to overcapacity; illegal, unreported and unregulated (IUU) fisheries; and environmentally detrimental subsidies.

Sustainable management of fisheries can support eliminating hunger and malnutrition, ultimately supporting economic growth. A number of reforms and economic investments can be implemented to promote greener growth in fisheries and enable aquaculture to grow sustainably. These include improving fisheries management, curbing IUU fishing, reducing overcapacity, reducing subsidies, incorporating social equity issues into economic planning, raising efficiency of utilizing by-products, and increasing incentives for sustainable aquaculture practices (FAO, 2014). The present value of benefits from greening the fisheries sector is estimated to be approximately 3 to 5 times the value of the necessary investment (FAO, 2012).

Relevance to SDGs

Sustainable Development Goal (SDG) 14 recognizes the role of marine and coastal ecosystems and the need to conserve and promote their sustainable use. SDG 14.4 states the need for regulation on overfishing and 14.6 suggests to eliminate subsidies contributing to illegal and unreported fishing. 

Explore green growth resources related to SDG 14:

SDG 14.4
    Regulation    
   SDG 14.6
     Subsidies     
   SDG 14.7
Small Islands

Publications

International Institute for Environment and Development (IIED)
Prince of Wales’ International Sustainability Unit (ISU), United Nations Environment Programme (UN Environment), International Coral Reef Initiative (ICRI)

Case Studies

Wealth Accounting and the Valuation of Ecosystem Services (WAVES), World Bank Group, Southern Palawan Technical Working Group
Wealth Accounting and the Valuation of Ecosystem Services (WAVES), World Bank Group, Laguna Lake Development Authority
Panorama, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, United Nations Environment Programme (UN Environment), GRID-Arendal, International Union for Conservation of Nature (IUCN)

Learning Products

World Business Council for Sustainable Development (WBCSD), Social & Human Capital Coalition
International Institute for Environment and Development (IIED)

Projects

Global Green Growth Institute (GGGI)
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH