rtant component of this project, Dr. Sumaila will develop a global database of the cost of fishing in different countries, and when using different types of fishing gear. He will collect data for vessels operating in major fisheries in Africa, Asia, Europe, North America, Oceania, and South/Central America, including the Caribbean. The database will include fixed costs incurred whether the vessel goes fishing or not, such as the cost of the boat itself and office expenses, and variable costs that are incurred only when boats are being used, such as the cost of fuel. The cost of fishing database will be combined with the databases on discount rates, conservation indices, and his prior highly publicized findings on the massive subsidies given to support the fishing industry worldwide. It will provide the final piece of the puzzle that will allow a complete analysis of the misuse of our ocean resource wealth, Dr. Sumaila said.
Dr. Sumaila, who was born in Nigeria, raised partly in Ghana, and earned his PhD in Economics from the University of Bergen in Norway, made international headlines in 2006 and was invited to speak at the United Nations and the White House after co-authoring research that found massive subsidies are given to the fishing industry worldwide. He and colleagues at the University of British Columbia Fisheries Centre found that $30-34 billion in subsidies were given by 144 maritime countries in 2000, and at least $152 million of that went specifically to support bottom trawl fleets operating in the high seas. Bottom-trawling is widely viewed as the most damaging commercial fishing technique, since trawlers scrape the seafloor and destroy marine communities in the process.
The dollars given to subsidize bottom trawl fleets constituted 25 percent of the total landed value of fish, and amounted to significantly more than fleets estimated profit -- only 10 percent of landed value, he and his colleagues found. Substantial amounts of subs
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