D.C., June 9, 2009—This week the
United Nations is observing World Oceans Day. The Competitive Enterprise
Institute believes this makes it an appropriate time to think about realistic
means of saving the world’s oceanic resources.
“What often goes ignored is the fact that free market
approaches have saved parts of the ocean that government and bureaucrats have
driven to the brink of destruction,” says Iain Murray, Director of Projects
He offers five suggestions that will deliver quick environmental
“grow and trade” programs for fisheries.
These programs, also called Individual Transferable Quotas, have
seen fish stocks recover and thrive in areas as far apart as Iceland and New Zealand. They encourage responsible management of
fisheries rather than overfishing.
an international agreement to end subsidies for deep-sea fishing. Research from the environmental
organization Oceana has shown that most deep-sea fishing would be
uneconomic without these subsidies.
Government action is therefore contributing to environmental
homesteading of ocean resources to create genuine oceanic property
rights. Privately-owned reefs
operate well in Japan. Other areas could also be “homesteaded”
and looked after by owners who will use common law means to stop pollution
Obama should call for an end to the European Union’s Common Fisheries
Program, which is a bureaucrat’s dream but an environmentalist’s
nightmare. America can use its restored
leadership role to make a genuine difference here.
the removal of disused oil rigs, which have become artificial reefs and
home to millions of animals, who will die if their habitat is destroyed.
adds, “It is ironic that we talk about the freedom of the seas, but bureaucrats
see it as their preserve. We should let the free enterprise system work its
wonders to help save the oceans and fisheries, because governments have failed
whenever they have tried to do so.”
CEI is a non-profit, non-partisan
public policy group dedicated to the principles of free enterprise and limited
government. For more information about
CEI, please visit our website at www.cei.org.