The relation between fishing subsidies and CO2 emissions in the fisheries sector

Fábio Luiz Vargas Machado, Vinícius Halmenschlager, Patrízia Raggi Abdallah, Gibran da Silva Teixeira and Ussif Sumaila

Ecological Economics, 2021, vol. 185, issue C

Abstract: The relation between fisheries subsidies and their effects on the level of resource extraction is widely discussed in extant literature. However, in addition to impacts on the level of fishing, the various types of subsidies can generate different incentives for greenhouse gas emissions, a subject that is still little explored. Thus, this article aims to evaluate the influence of fishing subsidies on the sector's CO2 emissions. It is worth noting that three groups of subsidies were evaluated, the beneficial (Good), the capacity-enhancing (Bad) and the ambiguous (Amb), classified by Sumaila et al. (2010), who proposed such a division based on the negative effects on sustainability of fish stocks. To this end, an annual data panel was constructed for 14 developed countries from 2005 to 2012. The Dynamic Panel method was adopted as empirical strategy as well as the estimator proposed by Everaert and Pozzi (2007) to correct possible biases associated with micronumerosity in dynamic models. The results indicate that Bad subsidies generally point to increased CO2 emissions. Amb subsidies, which are not clearly defined in the literature, have no significant relationship with emissions. Finally, Good subsidies are also inversely related to CO2 emissions from the fishing industry.

Keywords: Fisheries Economics; Subsidies; CO2 Emissions; Dynamic Panel; Difference GMM (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0921800921001154
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:185:y:2021:i:c:s0921800921001154

DOI: 10.1016/j.ecolecon.2021.107057

Access Statistics for this article

Ecological Economics is currently edited by C. J. Cleveland

More articles in Ecological Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().