The Faroese Effort Quota Management System

This article puts forward an analysis of the effort quota management system that has regulated the valuable demersal fish stocks within Faroese maritime territory since 1996. The article outlines key issues related to Faroese domestic fisheries management and the effectiveness of the effort quota ma...

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Bibliographic Details
Published in:Arctic Review on Law and Politics
Main Authors: Grétarsson, Helgi, Danielsen, Rannvá
Format: Article in Journal/Newspaper
Language:English
Published: University of Tromsø - The Arctic University of Norway, Faculty of Law 2014
Subjects:
Online Access:https://arcticreview.no/index.php/arctic/article/view/58
https://doi.org/10.23865/arctic.v5.58
Description
Summary:This article puts forward an analysis of the effort quota management system that has regulated the valuable demersal fish stocks within Faroese maritime territory since 1996. The article outlines key issues related to Faroese domestic fisheries management and the effectiveness of the effort quota management system. A combined legal and policy analysis reveals that the present entry/exit permit system has failed to restrain effort capacity. Most importantly, demersal fish stocks are in decline and as a result the domestic fishing fleet is not performing well financially. Current permits are due to expire in 2018 but Faroese policy-makers still have wide latitude to alter the current management system or even adopt a new one.Keywords: Fisheries management, input controls, effort fishing quotas, sovereignty and property rights.Citation: Arctic Review on Law and Politics, vol. 5, 1/2014 pp. 100–122. ISSN 1891-6252