March 30, 2016 — A new paper in the Proceedings of the National Academy of Science shows that there is a triple bottom line, that abundance, catch and profit can all be increased by reforming fisheries management in places where it has not been reformed. It provides the most comprehensive estimates of the status of global fisheries and shows that the large fish stocks of the world that provide 95% of global catch on average are at about the abundance that would produce long term maximum yield, and fishing pressure on average is below traditional targets. Less than 20% of fish stocks appear to be overfished by U.S. standards.
Comment by Ray Hilborn, University of Washington, @hilbornr:
The paper by Costello and others (including myself) Global fishery prospects under contrasting management regimes that appeared March 28 in PNAS, provides the most comprehensive assessment of the status and potential of global fisheries. Its key finding is that when stocks are overfished, most can recover within 10 years if the appropriate management measures are taken. This means that globally we could have more catch, more fish in the ocean and more profit. Most of the potential for this “triple bottom line” comes from Asia where fisheries are both large, and at present, mostly unmanaged. We must distinguish between fisheries that are reformed and those that are poorly regulated and remain in a race to fish.
Diving deeper into the estimated current status of fish stocks, we find it depends greatly on the size of the stock. Although the paper examined the status of 4,324 individual stocks, just 719 of them provide 96% of the catch. From the perspective of catch, profitability, and fish in the ocean, it is the 719 that are critical and feed us.