Reuters Context: “Fuel subsidies for EU fishing vessels must end now”

                                 

Reuters Context: "Fuel subsidies for EU fishing vessels must end now"

Context: 17 May 2023, by Sebastian Villasante,Rashid Sumaila,Hans Eichel

Hans Eichel is former German finance minister (1999-2005), Rashid Sumaila is University Killam professor and director of the Fisheries Economics Research Unit at the University of British Columbia, and Sebastian Villasante is an economics professor at the University of Santiago de Compostela.

As the ocean’s health deteriorates, Europe’s Green Deal must stop fishing’s fuel subsidies and protect marine ecosystems

The ocean is a major ally in the climate crisis. By capturing 20-30% of our carbon dioxide emissions each year, our seas are a powerful carbon sink. But the continued increase in greenhouse gas emissions and destruction of marine ecosystems are upsetting the physical and chemical balance of the ocean and reducing its resilience.

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