How Behavioral Economics Could Save Both the Fishing Industry and the Oceans

Read the full post at the HBR Blog Network.

It’s frightening enough that 87% of the world’s assessed fisheries are fully or over-exploited. But it is even scarier to consider how little we know about the condition of most of the world’s fisheries, because four-fifths of them have never been scientifically assessed. A recent study in the journal Science is providing fresh insights into thousands of fisheries where data has not been previously available. These “data poor” fisheries make up 80% of the world’s catch — and many are on the brink of collapse.

Despite the dire news, there is a bright spot in the study. The authors conclude that the ocean is nowhere near a lost cause and with the right management tools, the abundance of fish could increase by 56%. In some places, the study says, fisheries yields could more than double.

Published by

Laura B.

I'm the Illinois Sustainable Technology Center's Sustainability Information Curator, which is a fancy way of saying embedded librarian. I'm also Executive Director of the Great Lakes Regional Pollution Prevention Roundtable. When not writing for Environmental News Bits, I'm an avid reader. Visit Laura's Reads to see what I'm currently reading.

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