The world faces the nightmare possibility of fish-less oceans by 2050 unless fishing fleets are slashed and stocks allowed to recover, UN experts warned on Monday.
“If the various estimates we have received ... come true, then we are in the situation where 40 years down the line we, effectively, are out of fish,” Pavan Sukhdev, head of the UN Environment Programme’s (UNEP) green economy initiative, told journalists in New York.
A Green Economy report due later this year by UNEP and outside experts argues this disaster can be avoided if subsidies to fishing fleets are slashed and fish are given protected zones — ultimately resulting in a thriving industry.
The report, which was opened to preview on Monday, also assesses how surging global demand in other key areas including energy and fresh water can be met while preventing ecological destruction around the planet.
UNEP director Achim Steiner said the world was “drawing down to the very capital” on which it relies.
However, “our institutions, our governments are perfectly capable of changing course, as we have seen with the extraordinary uptake of interest. Around, I think it is almost 30 countries now have engaged with us directly, and there are many others revising the policies on the green economy,” he said.
Environmental experts are mindful of the failure in March to push through a worldwide ban on trade in bluefin tuna, one of the many species said to be headed for extinction.
Powerful lobbying from Japan and other tuna-consuming countries defeated the proposal at the CITES conference on endangered species in Doha.
But the UNEP’s warning on Monday was that tuna only symbolizes a much vaster catastrophe, threatening economic, as well as environmental upheaval.
One billion people, mostly from poorer countries, rely on fish as their main animal protein source, the UN says.
The Green Economy report estimates there are 35 million people fishing around the world on 20 million boats. About 170 million jobs depend directly or indirectly on the sector, bringing the total web of people financially linked to 520 million.
The UN says 30 percent of fish stocks have already collapsed, meaning they yield less than 10 percent of their former potential, while virtually all fisheries risk running out of commercially viable catches by 2050.
Currently only a quarter of fish stocks — mostly the cheaper, less desirable species — are considered to be in healthy numbers.
The main scourge, the UNEP report says, are government subsidies encouraging ever bigger fishing fleets chasing ever fewer fish, with little attempt made to allow the fish populations to recover.
The annual US$27 billion in government subsidies to fishing, is “perverse,” Sukhdev said.
Citigroup Inc plans to exit retail banking in 13 markets across Asia, and the region of Europe, the Middle East and Africa. The bank would instead operate its consumer-banking franchise in both regions from four wealth centers in Singapore, Hong Kong, the United Arab Emirates and London, it said yesterday in a statement. The move is part of an ongoing review of the company’s strategy by chief executive officer Jane Fraser, who took over last month. “This positions us to capture the strong growth and attractive returns the wealth-management business offers through these important hubs,” Fraser said. Citigroup is to exit its consumer
‘IMPORTANT PARTNER’: The new guidelines aim to encourage US engagement with Taiwan, which reflects a deepening relationship, the US Department of State said The US Department of State on Friday issued new guidelines governing US officials’ interactions with their Taiwanese counterparts, a move welcomed by Taipei as turning a new page in bilateral relations. Shortly before leaving office, then-US secretary of state Mike Pompeo on Jan. 9 announced the cancelation of previous contact guidelines, which he said were “self-imposed restrictions” that attempted to appease the Chinese Communist Party regime in Beijing. However, the status of the guidelines has been unclear since US President Joe Biden entered the White House. Asked about the issue during a legislative session on Thursday, Minister of Foreign Affairs Joseph Wu
CONFIDENTIAL: The trip had not been made public until just before ex-senator Chris Dodd, and ex-state department officials Richard Armitage and James Steinberg arrived The government yesterday welcomed an “unofficial” delegation sent by US President Joe Biden, while another delegation led by US Special Presidential Envoy for Climate John Kerry was headed to Shanghai. Biden’s first delegation to Taiwan is made up of former US senator Chris Dodd, and former US deputy secretaries of state Richard Armitage and James Steinberg. They are to stay in Taiwan until tomorrow. Their arrival, on a chartered flight, had been kept confidential until media reported the visit yesterday morning, after which the Ministry of Foreign Affairs issued a short notice that they were expected to arrive at 2:40pm. The flight landed at
‘IDEAL FIT’: A report on Sunday said that the Canadian government threatened to pull its support and funding from the HFX if the award was given to the president The government would respect the decision of the organizer of the John McCain Prize for Leadership in Public Service on whether it plans to award a prize to President Tsai Ing-wen (蔡英文), the Ministry of Foreign Affairs (MOFA) said yesterday. The statement was issued after US Web site Politico reported a day earlier that the Canadian government had warned the Halifax International Security Forum (HFX) not to give the award to Tsai for fear of provoking Beijing. “The ministry believes that if the Halifax International Security Forum confers the prize upon President Tsai, it would be an affirmation and honor for both