Saving Seafood

Study identifies major barriers to financing a sustainable ocean economy

June 9, 2021 — Financing a sustainable global ocean economy may require a Paris Agreement-type effort, according to a new report from an international team of researchers led by the University of British Columbia.

That’s because a significant increase in sustainable ocean finance will be required to ensure a sustainable ocean economy that benefits society and businesses in both developing and developed countries.

The report, published today—on World Ocean Day—identifies major barriers to financing such a sustainable ocean economy. This includes all ocean-based industries, like seafood production, shipping and renewable energy, and ecosystem goods and services, such as climate regulation and coastal protection.

“The size of the ocean economy was estimated at around $1.5 trillion in 2010, and prior to the COVID-19 pandemic, was projected to increase to $3 trillion in 2030,” said lead author Dr. Rashid Sumaila, a professor at UBC’s Institute for the Oceans and Fisheries and the School of Public Policy and Global Affairs and Canada Research Chair in Interdisciplinary Ocean and Fisheries Economics.

Read the full story at PHYS.org

Revealed: seafood fraud happening on a vast global scale

March 15, 2021 — A Guardian Seascape analysis of 44 recent studies of more than 9,000 seafood samples from restaurants, fishmongers and supermarkets in more than 30 countries found that 36% were mislabelled, exposing seafood fraud on a vast global scale.

Many of the studies used relatively new DNA analysis techniques. In one comparison of sales of fish labelled “snapper” by fishmongers, supermarkets and restaurants in Canada, the US, the UK, Singapore, Australia and New Zealand, researchers found mislabelling in about 40% of fish tested. The UK and Canada had the highest rates of mislabelling in that study, at 55%, followed by the US at 38%.

Sometimes the fish were labelled as different species in the same family. In Germany, for example, 48% of tested samples purporting to be king scallops were in fact the less coveted Japanese scallop. Of 130 shark fillets bought from Italian fish markets and fishmongers, researchers found a 45% mislabelling rate, with cheaper and unpopular species of shark standing in for those most prized by Italian consumers.

Other substitutes were of endangered or vulnerable species. In one 2018 study, nearly 70% of samples from across the UK sold as snapper were a different fish, from an astounding 38 different species, including many reef‐dwelling species that are probably threatened by habitat degradation and overfishing.

Read the full story at The Guardian

IUU economic estimates climb as high as USD 50 billion in new study

March 20, 2020 — Illegal, unreported, and unregulated (IUU) fishing has profound effects on the economies and pocketbooks of developing countries, removing billions of dollars worth of fish every year from the legal trading system.

Between 8 and 14 million metric tons of fish are caught illegally every year, according to a new study from the University of British Columbia (UBC). Those fish are worth an estimated USD 9 billion to USD 17 billion (EUR 8 billion to EUR 15 billion).

Read the full story at Seafood Source