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How bond markets can prevent overfishing
World Ocean Initiative, The Economist Group
The future of wild-capture fisheries is bleak if overfishing continues at current rates. Longer time at sea and higher costs involved in catching fish from depleted stocks will mean that within two decades commercial fishing companies will be unable to finance themselves, putting them in need of external capital.
This was the conclusion of modelling (published in August) by Planet Tracker, a financial think-tank, which analysed all commercial fishing companies worldwide. It found that while business as usual was more profitable in the short term, in 17 years’ time profits and free cash flow would become negative.
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