Doug Lipton NOAA Fisheries Chief Economist Lee Anderson

Doug Lipton NOAA Fisheries Chief Economist Lee Anderson Professor Emeritus University of Delaware Economics and the Ecosystem Approach to Fisheries Management: A U. S. Perspective European Commission Trilogue: Economic Advice in Fisheries Management February 4, 2016 Malta

Economic Research vs. Economic Advice • Integration of economics into ecosystem research and models is developing with some areas of interaction better developed than others (e. g. , water quality & fisheries interactions, multi-species models) • NOAA Integrated Ecosystem Assessment Program • Fishery/Climate Models (e. g. , Bering Sea) • The use of economic advice in informing ecosystem management decisions is limited • Institutions & ecosystem authority is developing

Numerous Modeling Approaches to Incorporate Economics Ecosyste m Models Statistical Models • Atlantis • Ecopath/ w. Ecosim • Other? • Portfolio • Other reduced form Agent Based Models Ad-Hoc and Hybrid • Approaches are developing, none have emerged as dominating others, all have strengths and weaknesses. Will need ensemble approach for application to policy. • Funding is limited to advance. Need to leverage from other areas of interest such as climate research, bycatch reduction, etc.

Opportunities to Advance Economic • Advice Maximum Sustainable Yield to Maximum Economic Yield to Optimum Yield • National Standard 1 • Allocation of Total Allowable Catch • Among States • Recreational/Commercial • Among Fleets (e. g. small scale & large scale fishing)

Ecosystem Approaches Afford Even Greater Opportunity for Economic Advice • Trade-offs Among Species • Multi-species Interactions • Predator-prey • Forage • Bycatch • Among Competing Ocean Sectors • Coastal Development (i. e. , pollution) • Oil & Gas, Mining • Transportation

National Marine Fisheries Service Finalizing Ecosystem Based Fisheries Management Policy • Provides for the incorporation of economics into the analysis • Explicitly acknowledges the need for economics to analyze trade-offs in management decisions. • Marginal incorporation of ecosystem considerations moves us incrementally towards ecosystem based management with embedded economic analysis.