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Can price bridge the gap? The case for Biodegradable fishing gear fish premiums in the Newlyn wholesale market

Author

Listed:
  • Andy Forse

    (University of Portsmouth)

  • Benjamin M. Drakeford

    (University of Portsmouth)

  • Pierre Failler

    (University of Portsmouth)

Abstract

Abandoned, lost or otherwise discarded fishing gear (ALDFG) poses a threat to sustainable fisheries management through environmental impacts including ghost fishing. Biodegradable fishing gear (BFG) has the potential to mitigate the ghost fishing impact of ALDFG however, fishing efficiency has been identified in various studies as one of the main limiting factors of BFG. We address the potential for higher market prices for BFG fish to offset the economic cost to fishers given the current technical shortcomings of BFG. We find that there is limited potential for BFG fish to achieve higher market prices, respondents were more likely to use the tag of ‘BFG fish’ as a factor to drive demand. Further research is, therefore, required to address the issues that culminate in reduced fishing efficiency and we conclude that BFG implementation is a technical problem and not an economic one.

Suggested Citation

  • Andy Forse & Benjamin M. Drakeford & Pierre Failler, 2024. "Can price bridge the gap? The case for Biodegradable fishing gear fish premiums in the Newlyn wholesale market," Working Papers in Economics & Finance 2024-06, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
    • Handle: RePEc:pbs:ecofin:2024-06
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    File URL: http://repec.port.ac.uk/EconFinance/PBSEconFin_2024_06.pdf
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    More about this item

    Keywords

    Biodegradable fishing gear (BFG); Abandoned; lost or discarded fishing gear (ALDFG); Fisheries; Wholesale; Fishing efficiency;
    All these keywords.

    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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