Counting biodiversity waste in industrial eco-efficiency: fisheries case study

The foundation for the creation of eco-efficiency metrics for industrial impacts on biodiversity is considered. Because biodiversity is the essence of life itself, these metrics are essential for effectiveness in the theory and practice of eco-efficiency, particularly in the case of primary natural resource extraction industries such as fishing and forestry. The case of fishing is examined, with particular attention to by-catch, lost nets, and habitat damage caused by mobile fishing gears. It is appropriate to examine fishing because industrial era impacts on marine biodiversity have been severe and are driving large and deleterious changes in marine ecosystems. For discarded by-catch, it is proposed that an eco-efficient metric for the value per unit mass of discarded fish can be set to be equivalent to that of the market value of the utilized catch. In estimating the eco-efficient value of the catch, the value of the discarded fish is then subtracted from the market value of the catch. Fish killed in lost nets can be treated similarly. It is more difficult to address marine habitat damage by mobile fishing gear, which has the highest potential for ecological injury.By using the approach proposed, negative eco-efficiencies are obtained under circumstances in which the collateral damage to biodiversity exceeds the economic benefit obtained. This is a logical outcome given the long-term effects of biodiversity decline. A metric is also proposed for assessing whether avoidance of harm to biodiversity, in the form of switching fishing gear, is required. Lastly it is proposed that metrics might be developed to provide eco-efficiency credit for companies taking effective actions to improve, or actively participate in, ecosystem-based fisheries management.