nef: more funding for data collection needed
The report says that the CFP can only make fisheries sustainable and profitable with adequate data on fish stocks and the proper enforcement of laws that prevent overfishing
Research by the New Economics Foundation (nef) says that additional funding to improve EU fish stocks management and prevent illegal fishing would help restore EU fish stocks and secure economic benefits.
The report, 'Unknown waters', claims that without more funding for data collection it will not be possible to set fishing quotas at sustainable levels and restore fish stocks.
The report points towards the upcoming vote in the EU Parliament on fish subsidies as an opportunity to reverse this situation.
The report finds that the current level of expenditure in data collection, control and enforcement is insufficient, and that current spending in data collection (€51 million), control and enforcement measures (€49 million) amounts to €100 million per year - 1% of the total potential value of EU catches.
The reports claims that every €1 invested in data collection, control and enforcement measures could see a return of up €10. It says that tripling current funding for data collection, control and enforcement to €302 million has the potential to restore fish stocks, delivering an additional value of €3.2 billion.
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