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PROJECT NUMBER • 2023-099
PROJECT STATUS:
COMPLETED

Development of a temperature monitoring framework for Tasmania's seafood industry during marine heatwaves

Marine heatwaves can have devastating impacts on marine ecosystems, with a strong El Nino event forecast in Australia for the summer/autumn of 2023-24. Forecasts by CSIRO indicated sustained increases in water temperatures down the east coast of Tasmania with potential to significantly affect...
ORGANISATION:
Institute for Marine and Antarctic Studies (IMAS) Hobart
SPECIES
Environment
PROJECT NUMBER • 2017-175
PROJECT STATUS:
COMPLETED

Linking ecosystem services to the profitability of prawn fisheries linked to 2017-188

The FRDC Project 2017-175 Linking ecosystem services to the profitability of prawn fisheries delivered new methods, data and indicators to a case study on prawn fisheries in a broader project entitled Lifting farm gate profits: the role of natural capital accounts (RnD4Profit-16-03-003). This FRDC...
ORGANISATION:
CSIRO Land and Water Canberra
Industry

Retrospective assessment of ITQs to inform research needs and to improve their future design and performance

Project number: 2017-159
Project Status:
Completed
Budget expenditure: $70,000.00
Principal Investigator: Sean Pascoe
Organisation: CSIRO Oceans and Atmosphere Hobart
Project start/end date: 25 Feb 2018 - 28 Jun 2018
:

Need

As stated in the call for proposals, the implementation of individual tradeable quota (ITQ) in Australian fisheries has brought about many demonstrable gains (e.g. increased capacity utilisation and profit). At the same time, there have been some social, economic and environmental consequences associated with the move to tradeable fishing rights that, even if predictable, may have been unintended. For example, ITQ markets have not always operated as envisaged; thin markets (few buyers and sellers), high transactions costs and the de-coupling of the ownership of quota from fishing practice may have undermined the performance of some ITQ systems. Ownership of quota by processors, exporters and others further along the value chain has also distorted the price incentives in some fisheries. In others, non-fisher quota ownership has resulted in a lease-dependent component of the fishery that are not capturing the benefits generated by the ITQ system. Changing quota ownership characteristics also have an impact on the configuration of industry representatives on co-management committees. It is not yet clear what the longer term impact of this is on stewardship and the decision making process and ultimately on management outcomes. As the extension of ITQs in Australia to a greater number of commercial fisheries, and potentially to support inter-sectoral allocations, is contemplated there is a need to learn from experience of ITQs both in Australia and internationally

ITQs globally have come under intense scrutiny in the fisheries management and economics literature. Synthesising and critically analysing learnings from these studies, as well as relevant knowledge from individuals/groups/organisations involved in the administration of, or affected by, existing ITQ systems will help identify key issues and, where possible, reforms that through adaptive management can improve the performance of existing markets and inform the design of new tradable rights markets.

Objectives

1. Identify the extent of use (current and proposed) of ITQs in Australian fisheries
2. Identify the demonstrable benefits to their use in Australia, and what outcomes have emerged that were largely unintended
3. Identify critical knowledge gaps and further research needed to improve their future design and performance

Final report

ISBN: 978-1-4863-1228-3
Authors: Pascoe S. Hoshino E. van Putten I. and Vieira S.
Final Report • 2019-05-29 • 3.82 MB
2017-159-DLD.pdf

Summary

The use of transferable fishing rights has increased internationally over recent decades with most industrialised countries now using some form of individual transferable catch quota (ITQ) or individual transferable effort (ITE) system for at least some of their fisheries. Australia also has considerable experience in the use of ITQs and ITEs, with examples of ITQ or ITE management in each State and also Commonwealth fisheries.

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