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ITQs an investment mess?(LETTER & E-MAILS)(Letter to the editor)

Earth Island Journal

| June 22, 2009 | Scholz, Astrid | COPYRIGHT 2009 Earth Island Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Your article on individual take quotas ("Net Benefits") swallows the arguments in their favor hook, line, and sinker, when some probing would reveal that ITQs are more than a little fishy. Take the analogy to cap-and-trade systems: Emission reduction schemes are successful because the cap is set on the environmental bad, which polluters then compete to underachieve. The equivalent bad in fishing is bycatch of non-target and threatened species, which account for a shockingly high percentage of global catches.

An incentive system designed around a tradable bycatch cap would generate significant environmental ...

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