Climate Change Impact and Structural Reforms in Kiribati slide image

Climate Change Impact and Structural Reforms in Kiribati

KIRIBATI Mediterranean, Antarctic and Indian Ocean, where responsibilities of states to contribute and cooperate in the protection are defined within international conventions and agreements. 13. The creation of new MPAs to achieve the 30 percent global coverage may lead to temporarily higher fishing pressure and threaten sustainability. According to McDermott et al. (2019), fishing pressure can be expected during a preemptive harvesting phase following new MPA announcements (the so-called Blue Paradox). On a global scale, the percentage of fisheries experiencing overfishing would increase from the currently estimated level of 65 percent to a level of 72 percent. While this would not affect Kiribati directly, it may be indirectly affected if its neighboring countries partake, establish, or enlarge their MPAs. 14. Different fishery management regimes can greatly impact sustainability. Costello et al. (2016) simulated global fishery prospects under alternative management regimes from 2011 onwards, when biomass was estimated to be very low and catch levels too high. In the business-as-usual scenarios, including with a conservation concern, fishery stocks would continue to collapse, while sound reforms could regenerate biomass and lead to an increase in annual catch levels and substantially higher profits. This includes fisheries management with a maximum sustainable yield (MSY) target (F/FMSY reference limits) and a rights-based fishery management (RBFM) regime. Specially, the study finds that the RBFM policies could achieve the highest levels of biomass, while the MSY policies will ultimately generate the largest catch but have lower fish biomass, lower profits, and slower recovery times. If reform efforts are put in place, the median time to recovery would be just 10 years, and by 2050, the vast majority (98 percent) of stocks could be biologically healthy. 15. Fisheries management schemes with transferable fishing rights-such as the VDS- incentivize marine conservation. VillaseƱor-Derbez, Lynham and Costello (2020) note that benefits from the large-scale MPAs typically accrue to other countries than to the one establishing the MPA or to the high seas. However, with transferable fishing rights through trading, tracking of vessels, and a biomass-based allocation rule, conservation can work, as evident from data presented in the previous section on the PIPA fishery sustainability. On the other hand, a fisheries trading mechanism based on past catch would result in substantial losses for countries with MPAs as it would grant more fishing rights to countries that fish the most. However, if a conserving country can trade the rights of spillover of fish from its MPA to waters of its neighboring countries, as with the VDS scheme, 88 percent to 99 percent of revenue losses can be avoided. It displaces, but does not reduce, overall fishing effort (Gruby et al., 2020). Hence, these studies support the VDS as a viable and well-designed fishery management scheme for countries with MPAs, such as Kiribati. 16. The marine spatial planning (MSP) can be an alternative to make a large MPA work but entails a series of challenges and tradeoffs. The MSP is a process of developing a blueprint for area-based management that accounts for multiple management objectives. It can be an important tool to achieve ecosystem-based management (EBM) of marine systems 7 Overall, the global median fishing mortality F/FMSY equaled 1.5 (overfishing is occurring) and biomass B/BMSY equaled 0.78 (stocks are overfished). INTERNATIONAL MONETARY FUND 49
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