Infinity Fish
Economics and the Future of Fish and Fisheries
- 1st Edition - October 19, 2021
- Imprint: Academic Press
- Author: Ussif Rashid Sumaila
- Language: English
- Paperback ISBN:9 7 8 - 0 - 1 2 - 8 2 3 8 1 6 - 5
- eBook ISBN:9 7 8 - 0 - 1 2 - 8 2 4 1 9 3 - 6
Infinity Fish: Economics and the Future of Fish and Fisheries is a practical and science-based reference that demonstrates how to value the benefits from restored marine ecosystem… Read more
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Request a sales quoteInfinity Fish: Economics and the Future of Fish and Fisheries is a practical and science-based reference that demonstrates how to value the benefits from restored marine ecosystems to sustain ocean and fishery resources for years to come. It discusses ecological and economical aspects to support the preservation of marine resources by understanding cost-benefits of fishery management systems. The book explains the economic benefits of restoring ecosystems that have been overexploited and how to maintain fisheries in a sustainable level.
Infinity Fish: Economics and the Future of Fish and Fisheries
is a useful reference to a wide range of audiences. It is for those who wish to make systematic efforts to develop their fisheries sector, scientists and researchers, anyone in fisheries management, marine resource management, economists, fish farmers, policy makers, leaders and regulators, operations researchers, as well as faculty and students.- Includes case studies for each topic and provides detailed summaries to further understand them
- Presents examples and practical applications of cost-benefit concepts
- Provides models of statistical analysis to optimize decision making
Fisheries and ocean policy makers worldwide, professional fisheries management, economists, and resource management
- Cover image
- Title page
- Table of Contents
- Copyright
- Dedication
- List of figures
- List of tables
- Preface
- Acknowledgments
- Chapter 1. Introduction
- Abstract
- Broadening the scope of what we value
- Intergenerational discounting
- Applications of the intergenerational discounting approach
- Tackling broader issues in support of Infinity fish
- Epilogue
- References
- Chapter 2. Getting values and valuation right is a must for achieving Infinity Fish
- Abstract
- Introduction
- Theory of valuation
- The practice of valuation
- Results of the survey
- Measuring market values
- Measuring option and existence values
- Incorporating bequest value
- Conclusion
- References
- Chapter 3. Comprehensive valuation of benefits from restored ecosystems needed for Infinity Fish
- Abstract
- Introduction
- Economic valuation
- Case study: past and present ecosystems of the Strait of Georgia
- Concluding remarks
- References
- Chapter 4. Making future generations count via discounting to ensure Infinity Fish: a static model
- Abstract
- Introduction
- Why the need for marine ecosystem restoration?
- The conventional cost-benefit analysis
- The need for a new cost–benefit analysis approach
- The intergenerational CBA
- Application of approach to an ecosystem model of Iceland
- Results
- Conclusion
- References
- Chapter 5. Making future generations count via discounting to ensure Infinity Fish: a dynamic model
- Abstract
- Introduction
- Rationale for the new approach
- Deriving the intergenerational discounting equation
- Comparing intergenerational and standard discounting
- Concluding remarks
- References
- Chapter 6. Making future generations count via discounting to ensure Infinity Fish: an example
- Abstract
- Introduction
- Methods
- Valuation of the harvest profile
- Results
- Discussion
- References
- Chapter 7. An ecological-economic model for spatial management in support of Infinity Fish
- Abstract
- Introduction
- Methods
- Results
- Discussion
- Conclusion
- References
- Chapter 8. The performance of different fisheries management systems in relation to Infinity Fish
- Abstract
- Introduction
- The rationale for discounting
- Property rights, institutional hierarchies, and alternative management systems
- Exogenous discount factors
- Endogenous discount factors
- Discussion
- Conclusion
- References
- Chapter 9. Good governance of ocean and fish stocks needed to ensure Infinity Fish
- Abstract
- Introduction
- Global fisheries: current state and socioeconomic contributions
- Challenges to successful governance
- The common property or open-access nature of fishery resources
- Climate change, ocean warming, and acidification
- Government subsidies to the fishing sector
- Technological progress and increasing trade in the face of ineffective governance
- Illegal, unreported, unregulated (IUU) fishing
- Shortsightedness in valuation
- A meaningful role for aquaculture
- Concluding remarks
- References
- Chapter 10. Addressing the common property nature of fish stocks in support of Infinity Fish
- Abstract
- Introduction
- Ecological concerns with ITQ management
- Social and equity concerns with ITQ management
- A balanced approach to the use of ITQs and catch shares in fisheries management
- Conclusion
- References
- Chapter 11. Fisheries subsidies are an obstacle to achieving Infinity Fish
- Abstract
- Introduction
- Methods
- Results
- Discussion
- Concluding remarks
- References
- Chapter 12. Rebuild depleted fish stocks to ensure Infinity Fish
- Abstract
- Introduction
- Results
- Discussion
- Materials and methods
- References
- Chapter 13. Avoid oil spills to support Infinity Fish
- Abstract
- Introduction
- Materials and methods
- Results
- Discussion
- References
- Chapter 14. Illegal and illicit trade in fish catch are incompatible with Infinity Fish
- Abstract
- Introduction
- Channels and scale of illicit trade in fisheries
- Quantify the losses to Africa due to illicit trade
- Assessing the role of governance, corruption, and enforcement capacity in the incidence of illicit trade in the sector
- Impact of the loss from illicit trade
- Policy response for curbing illicit trade in fish and fish products
- A call to further action to prevent, deter, and eliminate illicit trade in Africa’s marine resources
- Case Studies
- Role of regional institutions such as the African Development Bank
- Conclusion
- References
- Chapter 15. Climate change is a huge challenge to Infinity Fish
- Abstract
- Introduction
- Biophysical impacts on fisheries
- Changes in the productivity of fish stocks
- Shifts in fish-stock distribution
- Changes in ecosystem productivity
- Projecting fisheries impacts into the future
- Economic impacts on fisheries
- Impact on prices and ex-vessel revenues
- Impact on fishing costs
- Impact on resource rent and other indicators
- Adapting fisheries for the future
- Conclusion
- References
- Chapter 16. Overfishing, climate change, and the chance of achieving Infinity Fish
- Abstract
- Introduction
- A broad definition of overfishing
- Climate change impacts on fish and ocean life
- How ending overfishing can increase fish stock resilience under climate change
- Policies and actions to end overfishing
- Concluding remarks
- References
- Chapter 17. Epilogue—knowing the cost of everything but the value of nothing
- Abstract
- References
- Appendices
- Appendix 5.1 Derivation of intergenerational discounting equation
- Appendix 5.2 Making future generations count: comment on “Remembering the future”
- Appendix 7.1 Country-level discount rates
- Appendix 11.1 Subsidy types and definitions
- Appendix 11.2 Scientific listening tour
- Appendix 12.1 Key fisheries data for Africa
- Appendix 12.2 Key fisheries data for Asia
- Appendix 12.3 Key fisheries data for Europe
- Appendix 12.4 Key fisheries data for North America
- Appendix 12.5 Key fisheries data for Oceania
- Appendix 12.6 Key fisheries data for South, Central America, and the Caribbean
- Appendix 13.1 More on input–output models
- Appendix 14.1 Losses due to illicit trade in Africa’s marine resources
- Appendix 14.2 Economic, income multipliers and economic impact to job ratios
- Appendix 14.3 Impacts of illicit trade in Africa’s marine resources
- Index
- Edition: 1
- Published: October 19, 2021
- No. of pages (Paperback): 284
- No. of pages (eBook): 284
- Imprint: Academic Press
- Language: English
- Paperback ISBN: 9780128238165
- eBook ISBN: 9780128241936
US
Ussif Rashid Sumaila
Dr. Rashid Sumaila is a professor of interdisciplinary ocean and fisheries economics and the Canada Research Chair at the Institute for the Oceans and Fisheries and the School of Public Policy and Global Affairs, University of British Columbia, Vancouver, Canada. He specializes in bioeconomics, marine ecosystem valuation, and the analysis of global issues such as fisheries subsidies, illegal fishing, climate change, and oil spills. Dr. Sumaila is also on the editorial boards of several journals, including Science Advances, Scientific Reports, and Environmental & Resource Economics. He is the winner of several awards, including the 2018 UBC President's Award for Public Education Through Media, the 2017 Volvo Environment Prize, the 2017 Benchley Oceans Award in Science, and the 2016 UBC Killam Research Prize. He was named a Hokkaido University Ambassador in 2016 and elected as a Fellow of the Royal Society of Canada in 2019. He has given talks at the UN Rio+20, the WTO, the White House, the Canadian Parliament, the African Union, the St James Palace, the European Parliament, and the British House of Lords.
Affiliations and expertise
Institute for the Oceans and Fisheries and School of Public Policy and Global Affairs, University of British Columbia, Vancouver, CanadaRead Infinity Fish on ScienceDirect