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Overfishing not only causes negative impacts on biodiversity and ecosystem functioning, but also reduces fish production, which subsequently leads to negative social and economic consequences. [2] According to a 2008 UN report, the world's fishing fleets are losing US$50 billion each year due to depleted stocks and poor fisheries management.
Scientists say 7,500 tons annually is the sustainable limit, yet the fishing industry continue to harvest 60,000 tons. In wild fisheries, overexploitation or overfishing occurs when a fish stock has been fished down "below the size that, on average, would support the long-term maximum sustainable yield of the fishery". [22]
Overfishing is occurring in one third of world fish stocks, according to a 2018 report by the Food and Agriculture Organization of the United Nations. [9] In addition, industry observers believe illegal, unreported and unregulated fishing occurs in most fisheries, and accounts for up to 30% of total catches in some important fisheries. [10]
The overfishing list reflects species that have an unsustainably high harvest rate. NOAA also keeps a list of overfished stocks. Those are species that have a total population size that is too low.
Salmon farming also has major negative impacts on wild salmon. [5] [6] Fish that occupy the higher trophic levels are less efficient sources of food energy. A report at the High-level Political Forum on Sustainable Development in 2021 stated that: "Sustainable fisheries accounted for approximately 0.1 per cent of global GDP in 2017". [7]: 22
Destructive fishing practices are fishing practices which easily result in irreversible damage to habitats and the sustainability of the fishery ecosystems.Such damages can be caused by direct physical destruction of the underwater landform and vegetation, overfishing (especially of keystone species), indiscriminate killing/maiming of aquatic life, disruption of vital reproductive cycles, and ...
Jack mackerel caught by a Chilean purse seiner Fishing down the food web. Overfishing is the removal of a species of fish (i.e. fishing) from a body of water at a rate greater than that the species can replenish its population naturally (i.e. the overexploitation of the fishery's existing fish stock), resulting in the species becoming increasingly underpopulated in that area.
Economic or bioeconomic overfishing additionally considers the cost of fishing and defines overfishing as a situation of negative marginal growth of resource rent. Fish are being taken out of the water so quickly that the growth in the profitability of fishing slows down. If this continues for long enough, profitability will decrease.