Europe’s waters are some of the most overfished on the planet. While the fishing industry might think it’s cashing in big now, a study released on Friday by the New Economics Foundation (NEF) found that poor management of fish stocks actually costs the industry billions. The report’s authors concluded that if the 43 species they studied were allowed to recover and then harvested at “maximum sustainable yields” – that is, the largest catches that can be sustained indefinitely – fishing companies could haul in an additional 3.53 million metric tons (3.89 short tons) of fish annually. Read More
