Saving Seafood

The Shift to Renewable Energy Is Speeding Up. Here’s How.

February 1, 2023 — Wars have unintended consequences.

Russia’s war in Ukraine seems to have sped up the global energy transition from fossil fuels to renewables.

This is a big deal. Most of us take for granted that we will enter a dark room and flick on the lights, that our homes will be warm in winter, that we will look out the window of a car and watch the world go by.

But what powers our lives is undergoing a huge change.

Consider three recent developments.

First, according to the International Energy Agency, an estimated $1.4 trillion poured into “clean energy” projects in 2022, a category that includes solar farms, batteries and electric vehicle charging stations. That’s more than ever before, and more than the money that poured into new oil and gas projects. Fatih Birol, the head of the agency, described the energy crisis spurred by the Russian invasion as “an accelerator for clean energy transitions.”

Second, BloombergNEF, a research firm, described this direction of change in a report published last week. Investments in low-carbon energy “reached parity” with capital aimed at expanding fossil fuels, it said.

Read the full article at The New York Times

Ukraine’s seafood industry beginning to recover from worst of war’s impact

December 1, 2022 — The Association of Ukrainian Fish and Seafood Importers was established in 2013 as a non-governmental organization with the purpose of protect the rights and interests of seafood importers. It currently has 27 member-companies

In an interview with independent journalist Viktor Sagaydak, the organization’s head, Dmitry Zagumenny, discussed how Russia’s invasion of Ukraine has affected the country’s seafood industry and the biggest challenges the industry currently faces.

Read the full article at SeafoodSource

Russian seafood firms finding workarounds to Western sanctions

October 27, 2022 — Despite facing a slew of international sanctions, Russian seafood exports increased year-over-year first seven months of 2022 in both value and volume.

However, a slowing of its seafood trade in recent months could be a warning sign trouble lies ahead.

During the first half of 2022, Russia sold 1.1 million metric tons (MT) of seafood in overseas markets, up 18 percent compared to the corresponding period of 2021. In sum, Russia’s exports were worth USD 2.9 billion (EUR 3.16 billion), an increase of 21 percent, the Russian Federal Agency for Fisheries said.

Read the full article at SeafoodSource

Russia rethinks fishery strategy as trading realities set in

September 28, 2022 — Russia has adopted a new Agriculture and Fishery Development Strategy, after its previous strategy was rendered obsolete by the geopolitical upheaval caused by Russia’s invasion of Ukraine in late February.

The new strategy is part of a larger economic plan geared toward achieving higher domestic growth rates following sanctions leived by European Union, United Kingdom, and the U.S levied against Russia. Another key part of the new plan, according to the note, is enhancing the nation’s food security and increasing its food exports.

Read the full article at SeafoodSource

Ukraine war compensation coming for EU fisheries, aquaculture

July 7, 2022 — The European Parliament will provide financial help to European Union fisheries and aquaculture sectors struggling with the economic consequences of the Russian invasion of Ukraine, including giving compensation to those who have had to stop operating or whose economic viability is threatened.

On Wednesday, 6 July, 2022, Members of European Parliament (MEPs) adopted a measure to support fishers who have had to cease their activities due to the war in Ukraine as well as producers and fishing and aquaculture operators whose activities have been disrupted as a consequence of the conflict.

Read the full story at SeafoodSource

 

Aquaculture drives aquatic food yields to new high

June 30, 2022 — The production of wild and farm-raised fish, shellfish and algae reached record levels in 2020, and future increases could be vital to fighting world hunger, the Food and Agriculture Organization said Wednesday.

Driven by sustained growth in aquaculture,  and aquatic farming together hauled in 214 million tonnes, the UN agency said in a report.

The total first-sale value of 2020 production topped $400 million, with $265 million coming from aquaculture, a sector poised for further expansion.

These trend lines are good news for a world facing price hikes and  due to the war in Ukraine, disrupted supply chains, and inflation.

Read the full story from Phys.org

 

Russian government considering relief measures as seafood industry struggles

June 15, 2022 — The Russian government has amended several fisheries-related regulations, including postponing for two years a vessel-construction requirement contained in its investment-quota program.

Russia has also abolished the mandatory conversion of revenue earned by exporters via foreign trade into rubles, and has allocated RUB 153 billion (USD 2.7 billion, EUR 2.5 billion) in direct aid to its agricultural and fisheries sectors to fortify them as they cope with the tightening financial vise of global sanctions put in place following the country’s February invasion of Ukraine.

Read the full story at SeafoodSource

 

Russian seafood market facing rising uncertainty

June 3, 2022 — The future of the Russian seafood market remains unclear as the country’s invasion of Ukraine continues, with a decline of household incomes forcing a rebuild of business models in premium segments.

The economic uncertainty that emerged in late February and early March due to sanctions imposed on Russia in response to its invasion of Ukraine led the government to quickly tighten its control over consumer markets. The Russian ruble also heavily depreciated against the euro and U.S. dollar, which coincided with an exodus of major Western brands from Russia, all of which have hurt economic stability and impacted consumer behavior.

Read the full story at SeafoodSource