Overfishing Strips Tens of Millions from Southeast Economy
In light of today's news that federal officials shut down recreational black sea bass fishing until next summer because quotas were projected to be exceeded, making it the shortest season ever, a new study was released detailing the full extent of the economic damages suffered by the southeastern U.S. due to overfishing.
The Southeast sustained tens of millions of dollars in economic losses during a five-year period because years of overfishing depleted species led to fewer recreational fishing trips, according to an analysis commissioned by the Pew Environment Group.
The study, conducted by the nonprofit consulting firm Ecotrust, examined the impact of overfishing from 2005 to 2009 on nine severely depleted species, including black sea bass and red snapper, in the South Atlantic and Gulf of Mexico, respectively.
The biggest loss in direct expenditures—nearly $53 million a year on average—came from fewer fishing trips to catch South Atlantic black sea bass. The figure represents money that was not spent on items such as boat rentals, charter fees, tackle, bait, fuel and other businesses directly dependent on anglers targeting this species. When looking at the broader economy, including spending at hotels, restaurants, wholesale suppliers and other downstream businesses, the region had a total estimated loss of $138 million because of fewer trips for black sea bass alone.
“Overfishing—catching fish faster than they can reproduce—leaves a costly legacy that hurts our communities and fishermen,” said Lee Crockett, director of Pew’s fisheries program. “Recreational anglers are suffering the consequences of the nation’s failure to wisely manage our fish resources. The Ecotrust study makes a strong economic case for the laws we have today that require science-based annual catch limits to end and prevent overfishing. These limits could help deliver robust fish populations, create jobs and put money back into our coastal communities.”
In the Gulf, where red snapper are at only 17.5 percent of a safe population level, direct spending losses amounted to an average of $13 million annually because of fewer fishing trips targeting that species. When looking at the broader economy, this loss increased to $33 million. In the South Atlantic from Florida to North Carolina, where red snapper have declined to 12.5 percent of a safe level, the total economic loss was $42 million on average per year. Click here to see a graphic of all species results and more study information.
“Red snapper has needed a lot of help to recover, and it’s been a tough road, but the financial payoff is clear,” said Holly Binns, director of Pew’s fisheries program in the Southeast U.S. “Science-based catch limits appear to be working and will return this commercially important species to abundance. In the Gulf, red snapper are showing strong signs of rebounding, thanks to catch limits implemented in 2007. In the South Atlantic, they have been in critical condition but may be stabilizing, due to catch limits implemented in 2010.”
Overfishing has depleted nearly 20 percent of the nation’s commercially and recreationally important ocean fish, including some species of tuna, cod, flounder, snapper and grouper. Restoring fish populations helps anglers, boosts commercial fisheries and improves the health of the region’s ecosystems, which draw fishermen, divers and tourists from around the world.
“Overfishing has made it significantly tougher for me to make a living,” said Captain Bill Taylor, owner-operator of Black Dog Charters of Jupiter, Fla. “Our local tourist economy can only benefit from staying the course of rebuilding fish populations.”
“These findings demonstrate the economic importance of recreational fishing to our economy and underscore the costly legacy of inadequate management that drove many popular recreational species to unsustainably low levels,” said Kristen Sheeran, one of the Ecotrust report authors. To see the full report, click here.
Visit EcoWatch’s BIODIVERSITY pages for more related news on this topic.
The Pew Environment Group is the conservation arm of The Pew Charitable Trusts, a nongovernmental organization that works globally to establish pragmatic, science-based policies that protect our oceans, preserve our wild lands, and promote clean energy.
- Redwoods are the world's tallest trees.
- Now scientists have discovered they are even bigger than we thought.
- Using laser technology they map the 80-meter giants.
- Trees are a key plank in the fight against climate change.
They are among the largest trees in the world, descendants of forests where dinosaurs roamed.
Pixabay / Simi Luft<p><span>Until recently, measuring these trees meant scaling their 80 meter high trunks with a tape measure. Now, a team of scientists from University College London and the University of Maryland uses advanced laser scanning, to create 3D maps and calculate the total mass.</span></p><p>The results are striking: suggesting the trees <a href="https://www.nature.com/articles/s41598-020-73733-6" target="_blank" rel="noopener noreferrer">may be as much as 30% larger than earlier measurements suggested.</a> Part of that could be due to the additional trunks the Redwoods can grow as they age, <a href="https://www.nature.com/articles/s41598-020-73733-6" target="_blank" rel="noopener noreferrer">a process known as reiteration</a>.</p>
New 3D measurements of large redwood trees for biomass and structure. Nature / UCL<p>Measuring the trees more accurately is important because carbon capture will probably play a key role in the battle against climate change. Forest <a href="https://www.wri.org/blog/2020/09/carbon-sequestration-natural-forest-regrowth" target="_blank">growth could absorb billions of tons</a> of carbon dioxide from the atmosphere each year.</p><p>"The importance of big trees is widely-recognised in terms of carbon storage, demographics and impact on their surrounding ecosystems," the authors wrote<a href="https://www.nature.com/articles/s41598-020-73733-6" target="_blank"> in the journal Nature</a>. "Unfortunately the importance of big trees is in direct proportion to the difficulty of measuring them."</p><p>Redwoods are so long lived because of their ability to <a href="https://www.nature.com/articles/s41598-020-73733-6" target="_blank" rel="noopener noreferrer">cope with climate change, resist disease and even survive fire damage</a>, the scientists say. Almost a fifth of their volume may be bark, which helps protect them.</p>
Carbon Capture Champions<p><span>Earlier research by scientists at Humboldt University and the University of Washington found that </span><a href="https://www.sciencedirect.com/science/article/pii/S0378112716302584" target="_blank" rel="noopener noreferrer">Redwood forests store almost 2,600 tonnes of carbon per hectare</a><span>, their bark alone containing more carbon than any other neighboring species.</span></p><p>While the importance of trees in fighting climate change is widely accepted, not all species enjoy the same protection as California's coastal Redwoods. In 2019 the world lost the equivalent of <a href="https://www.worldwildlife.org/threats/deforestation-and-forest-degradation" target="_blank" rel="noopener noreferrer">30 soccer fields of forest cover every minute</a>, due to agricultural expansion, logging and fires, according to The Worldwide Fund for Nature (WWF).</p>
Pixabay<p>Although <a href="https://c402277.ssl.cf1.rackcdn.com/publications/1420/files/original/Deforestation_fronts_-_drivers_and_responses_in_a_changing_world_-_full_report_%281%29.pdf?1610810475" target="_blank" rel="noopener noreferrer">the rate of loss is reported to have slowed in recent years</a>, reforesting the world to help stem climate change is a massive task.</p><p><span>That's why the World Economic Forum launched the Trillion Trees Challenge (</span><a href="https://www.1t.org/" target="_blank" rel="noopener noreferrer">1t.org</a><span>) and is engaging organizations and individuals across the globe through its </span><a href="https://uplink.weforum.org/uplink/s/uplink-issue/a002o00000vOf09AAC/trillion-trees" target="_blank" rel="noopener noreferrer">Uplink innovation crowdsourcing platform</a><span> to support the project.</span></p><p>That's backed up by research led by ETH Zurich/Crowther Lab showing there's potential to restore tree coverage across 2.2 billion acres of degraded land.</p><p>"Forests are critical to the health of the planet," according to <a href="https://www.1t.org/" target="_blank" rel="noopener noreferrer">1t.org</a>. "They sequester carbon, regulate global temperatures and freshwater flows, recharge groundwater, anchor fertile soil and act as flood barriers."</p><p><em data-redactor-tag="em" data-verified="redactor">Reposted with permission from the </em><span><em data-redactor-tag="em" data-verified="redactor"><a href="https://www.weforum.org/agenda/2021/03/redwoods-store-more-co2-and-are-more-enormous-than-we-thought/" target="_blank">World Economic Forum</a>.</em></span></p>
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