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Fisheries: A Missing Link in Greenhouse Gas Emission Policies in South Korea

Author

Listed:
  • Kyumin Kim

    (Department of Agricultural and Resource Economics, University of California, Davis, CA 95616, USA)

  • Do-Hoon Kim

    (Department of Marine & Fisheries Business and Economics, Pukyong National University, Busan 48513, Korea)

  • Yeonghye Kim

    (Coastal Water Fisheries Resources Research Division, National Institute of Fisheries Science, Busan 46083, Korea)

Abstract

Recent studies demonstrate that fisheries are massive contributors to global greenhouse gas (GHG) emissions. The average Korean fishing vessel is old, fuel-inefficient, and creates a large volume of emissions. Yet, there is little research on how to address the GHG emissions in Korean fisheries. This study estimated the change in GHG emissions and emission costs at different levels of fishing operations using a steady-state bioeconomic model based on the case of the Anchovy Tow Net Fishery (ATNF) and the Large Purse Seine Fishery (LPSF). We conclude that reducing the fishing efforts of the ATNF and LPSF by 37% and 8% respectively would not only eliminate negative externalities on the anchovy and mackerel stock respectively, but also mitigate emissions and emission costs in the fishing industry. To limit emissions, we propose that the Korean government reduce fishing efforts through a vessel-buyback program and set an annual catch limit. Alternatively, the government should provide loans for modernizing old fishing vessels or a subsidy for installing emission abatement equipment to reduce the excessive emissions from Korean fisheries.

Suggested Citation

  • Kyumin Kim & Do-Hoon Kim & Yeonghye Kim, 2021. "Fisheries: A Missing Link in Greenhouse Gas Emission Policies in South Korea," Sustainability, MDPI, vol. 13(11), pages 1-10, May.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:11:p:5858-:d:560525
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    References listed on IDEAS

    as
    1. Suk Ho Jin & Lianxi Bai & Jang Yeop Kim & Suk Jae Jeong & Kyung Sup Kim, 2017. "Analysis of GHG Emission Reduction in South Korea Using a CO 2 Transportation Network Optimization Model," Energies, MDPI, vol. 10(7), pages 1-18, July.
    2. Madin, Elizabeth M.P. & Macreadie, Peter I., 2015. "Incorporating carbon footprints into seafood sustainability certification and eco-labels," Marine Policy, Elsevier, vol. 57(C), pages 178-181.
    3. Robert W. R. Parker & Julia L. Blanchard & Caleb Gardner & Bridget S. Green & Klaas Hartmann & Peter H. Tyedmers & Reg A. Watson, 2018. "Fuel use and greenhouse gas emissions of world fisheries," Nature Climate Change, Nature, vol. 8(4), pages 333-337, April.
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    Cited by:

    1. Rida Waheed, 2022. "The Significance of Energy Factors, Green Economic Indicators, Blue Economic Aspects towards Carbon Intensity: A Study of Saudi Vision 2030," Sustainability, MDPI, vol. 14(11), pages 1-22, June.

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