Details:

Journal Title:
Frontiers in Marine Science
Personal Author:
Squires, Dale ; Lent, Rebecca ; Dutton, Peter H. ; Dagorn, Laurent ; Ballance, Lisa T.
Squires, Dale ; Lent, Rebecca ; Dutton, Peter H. ; Dagorn, Laurent ; Ballance, Lisa T. Less -
NOAA Program & Office:
NMFS (National Marine Fisheries Service) ; SWFSC (Southwest Fisheries Science Center)
NMFS (National Marine Fisheries Service) ; SWFSC (Southwest Fisheries Science Center) Less -
Description:
Credit systems for mitigation of bycatch and habitat impact, incentive-based approaches, incentivize changes in fishery operator behavior and decision-making and allow flexibility in a least-cost method. Three types of credit systems, originally developed to address environmental pollution, are presented and evaluated as currently underutilized incentive-based approaches. The first, a cap-and-trade approach, evolved out of direct regulation through restricted limits with flexibility through the creation of tradeable unused portion of the limit, called credits. The second, a penalty-reward system, incentivizes bycatch- and habit-impact- reducing vessel behavior through rewards for positive behavior, and penalties for negative behavior. The third is a hybrid of the first two. All three systems can be used in the context of both absolute (fixed) and relative (rate-based or proportional) credits. Transferable habitat impact credit systems are developed for area management. The cap-and-trade credit system is directly compared to a comparable property rights system in terms of characteristics, strengths, weakness, and applicability. The Scottish Conservation Scheme and halibut bycatch reduction in the Alaskan multispecies groundfish fishery provide real-world examples of success with credit systems. The strengths, weaknesses, and applicability of credit systems are summarized, along with a set of recommendations. Cap-and-trade credit systems provide an important alternative to property rights, such as when rights are not feasible, and for this reason should prove useful for international fisheries. Penalty-reward and hybrid credit systems can substitute for cap-and-trade credit systems or property rights or complement them by addressing a related but otherwise unaddressed issue.
Keywords:
[+]
Bycatches (Fisheries) Conservation Economic incentives
Source:
Front. Mar. Sci. 8:613279
DOI:
https://doi.org/10.3389/fmars.2021.613279
Document Type:
Journal Article
Rights Information:
CC BY
Compliance:
Submitted
Main Document Checksum:
[+]
urn:sha256:a8c841f6aa5d665ed750419b55060e8f35bc017aed9a7c1548899e069dca6b93
Download URL:
https://repository.library.noaa.gov/view/noaa/34255/noaa_34255_DS1.pdf
File Type:

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