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Green Growth in Fisheries and Aquaculture

image of Green Growth in Fisheries and Aquaculture

This report summarises the current situation in fisheries and aquaculture, observing that in many parts of the world these sectors are at risk and do not reach their full potential. However, the prospects for sustained growth are good if reforms along the lines suggested by the OECD Green Growth Strategy are undertaken. The report emphasises the need for a strong, science-based approach to stock management for resource sustainability, combined with a transparent and reactive policy development cycle to ensure that fisheries deliver maximum possible benefits. The report shows that improved regulation to deal with environmental externalities and space competition is key to unlocking future growth potential of aquaculture.

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Executive summary

Green growth means fostering economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies. The OECD green growth strategy sets out a five-step roadmap to establish sustainable pro-growth reforms. This begins with preparing the way for change, removing barriers to reform, establishing a new policy set and finally by measuring results and taking stock. Following this roadmap means that policies for the fisheries and aquaculture sectors must be more systematic in identifying risk, using market-based instruments and building accountable institutions. It also calls for a more expansive process, involving a broad reach of communities dependent on the fisheries and aquaculture sectors. This will, inter alia, require investing in better data and science to support managing a more complex system while building networks to ensure policy coherence and inclusiveness.

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