Fisheries economics and trade

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Region:    Global

FAD Impact assessment: A cost benefit analysis Papua New Guinea, Solomon Islands, Kiribati

Pew Charitable Trusts - Project Dates:
February 2019 - October 2019

Description of Project:

This study was funded by Pew in support of the Parties to the Nauru Agreement. It comprised the following deliverables:

    • Quantification of costs from lost and/or abandoned FADs on coastal resources;
    • Quantification of the reduction in harm to coastal resources from shifts to less damaging FAD designs
    • Quantification of costs to industry from shifts to less damaging FAD designs 
    • Quantification of benefits to coastal communities from lost and/or abandoned FADs
    • Quantification of economic costs of future FAD recovery strategies 

In addition, the work considered the following factors that may inform and/or mitigate the distribution of costs to implement the strategies above:

        • Assessment of the cost of policing FAD recovery and the systems required to implement a recovery programme

        • Determining the extent of legal liability of FAD ownership, and the implications for a cost recovery model

        • Assessment of the practicality of bonds, alerts on approaching vulnerable habitats and operations to recover FADs based upon alerting industry to act or contracting with domestic industry to recover FADs

        • Identifying lessons learned from other examples, e.g. Seychelles and Provider trials.