Key Takeaways
- In 2019, the world’s oceans produced 90.9 million tonnes of capture fisheries and 86.4 million tonnes of aquaculture production; when comparing total seafood supply, this indicates major pressure on wild fisheries that can contribute to overfishing
- In 2019, capture fisheries generated 96.4 million tonnes (including aquatic plants) while inland capture fisheries provided 12.1 million tonnes
- The 2020 State of World Fisheries and Aquaculture (SOFIA 2020) reported that 34.2% of fish stocks were overfished in 2017
- FAO reported that in 2019, world capture fisheries production was 96.4 million tonnes (and aquaculture supplemented), with 34.2% of assessed stocks overfished in 2017, linking management and overfishing
- FAO SOFIA 2020 estimated that 35% of fisheries subsidies are harmful (globally), which can exacerbate overfishing incentives
- The WTO and World Bank report “The Elusive Quest for Fisheries Sustainability” indicates that global fisheries subsidies contribute billions and incentivize overfishing and overcapacity, including an estimated $35.4 billion per year in harmful subsidies (as cited in the report)
- Atlantic cod recovery plan target relates to rebuilding spawning stock biomass (SSB) to support sustainable fisheries; NOAA’s plan uses a quantitative SSB target for rebuilding
- NOAA cod rebuilding plan includes required SSB rebuilding duration/benchmarks; these are numerical and used to restrict harvest
- The U.S. Atlantic cod recreational and commercial regulations include target TAC/ACL values; NOAA provides annual catch limits and sector allocations
- In a widely cited modeling study, global fisheries profits could rise by about 16% if fishing mortality were set to MSY levels, indicating overfishing distortions; it provides a numeric 16% increase estimate
- The same study estimated that rebuilding fisheries could increase global profits by around $53 billion per year (model-based)
- The World Bank “Sunken Billions” report estimates that the global cost of overfishing is about $83 billion per year
- FAO estimated in 2020 that 34.2% of fish stocks were overfished (2017); this overfishing includes cod stocks in multiple regions, as cod is among the main assessed demersal species
- FAO SOFIA 2022 estimated 36.3% of stocks were overfished (2019), indicating ongoing need for reforms that affect cod management in many regions
- The EU Common Fisheries Policy aims to restore and maintain populations of harvested species above MSY; the regulation includes a specific target timeline and framework
Cod and oceans face overfishing: stocks overfished, mortality high, quotas weak, livelihoods threatened.
Fisheries status & stock assessments
Fisheries status & stock assessments Interpretation
Drivers & management failures
Drivers & management failures Interpretation
Cod-specific catch, quota, and trade
Cod-specific catch, quota, and trade Interpretation
Economic and environmental impacts
Economic and environmental impacts Interpretation
Societal responses and reforms
Societal responses and reforms Interpretation
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