Skip to main content
UploadLanguage (EN)Support
BusinessMobileSocial MediaMarketingTechnologyArt & PhotosCareerDesignEducationPresentations & Public SpeakingGovernment & NonprofitHealthcareInternetLawLeadership & ManagementAutomotiveEngineeringSoftwareRecruiting & HRRetailSalesServicesScienceSmall Business & EntrepreneurshipFoodEnvironmentEconomy & FinanceData & AnalyticsInvestor RelationsSportsSpiritualNews & PoliticsTravelSelf ImprovementReal EstateEntertainment & HumorHealth & MedicineDevices & HardwareLifestyle
IIED, profile picture
Uploaded byIIED
PPTX, PDF2,408 views

Fish Night 2: The minnow and the Whale, by Paul Steele

The document discusses the impact of fiscal policies on fisheries, comparing fishing taxes (the 'minnow') and subsidies (the 'whale'). It highlights the increasing fishing taxes in certain regions and emphasizes the massive scale of global fisheries subsidies, which amounted to $20 billion in 2009. The paper concludes with a question about the future balance between increasing tax revenues and reducing harmful subsidies.

Government & Nonprofit◦
Download to read offline
1 Paul Steele 5/3/15Author name Date Paul Steele 5/3/15 Paul Steele, IIED Minnow and the Whale: fish taxes versus subsidies
2 Paul Steele 5/3/15 Overview • Fiscal policies that affect fisheries • Fishing taxes: decrease fishing effort • Taxes as Minnow: Low, but increasing • Fishing subsidies: increase fishing effort • Subsidies as the Whale: massive, but some progress (Sumaila et al, 2013) • Minnow and the Whale: low taxes versus massive subsidies • When will the Minnow catch the Whale?
3 Paul Steele 5/3/15
4 Paul Steele 5/3/15 Fishing taxes: the minnow • Fishing revenues crucial for some LDCs and SIDS (eg Pacific, Mauritania, Mozambique) • Some progress in increasing taxes • Pacific license fees for tuna have increased fourfold to $230 million in 2012
5 Paul Steele 5/3/15
6 Paul Steele 5/3/15 F
7 Paul Steele 5/3/15 Subsidies as the whale: massive but some progress - Global Capacity enhancing subsidies (eg fuel) were $20 billion in 2009 - Global Beneficial (eg Monitoring) and ambiguous subsidies were $15 billion - EU is worst, then Japan - USA much better - WTO negotiations failed - But SDG target to reduce subsidies
8 Paul Steele 5/3/15 SDG marine target 14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development 14.6 by 2020, prohibit certain forms of fisheries subsidies which contribute to overcapacity and overfishing, and eliminate subsidies that contribute to Illegal Unreported and Unregulated (IUU) fishing, and refrain from introducing new such subsidies
9 Paul Steele 5/3/15Conclusion: when will the tax minnow catch the whale subsidy?