Economic Impact of Eliminating the Fuel Tax Exemption in the EU Fishing Fleet
The EU-27 fishing fleet consumed 2.02 billion liters of fuel to catch 4.48 million tons of fish, valued at €6.7 billion in 2018. The profitability of the EU fishing fleet shows an increasing trend, partly due to the improvements in the energy efficiency and recovery of fish stocks in the North-east...
Published in: | Sustainability |
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Format: | Article in Journal/Newspaper |
Language: | English |
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MDPI AG
2021
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Online Access: | https://doi.org/10.3390/su13052719 https://doaj.org/article/7c6f178933ac458994a6af5e0436f410 |
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fttriple:oai:gotriple.eu:oai:doaj.org/article:7c6f178933ac458994a6af5e0436f410 2023-05-15T17:38:31+02:00 Economic Impact of Eliminating the Fuel Tax Exemption in the EU Fishing Fleet Natacha Carvalho Jordi Guillen 2021-03-01 https://doi.org/10.3390/su13052719 https://doaj.org/article/7c6f178933ac458994a6af5e0436f410 en eng MDPI AG doi:10.3390/su13052719 2071-1050 https://doaj.org/article/7c6f178933ac458994a6af5e0436f410 undefined Sustainability, Vol 13, Iss 2719, p 2719 (2021) subsidy small-scale fleet European Green Deal Energy Taxation Directive (ETD) World Trade Organization (WTO) envir scipo Journal Article https://vocabularies.coar-repositories.org/resource_types/c_6501/ 2021 fttriple https://doi.org/10.3390/su13052719 2023-01-22T19:12:02Z The EU-27 fishing fleet consumed 2.02 billion liters of fuel to catch 4.48 million tons of fish, valued at €6.7 billion in 2018. The profitability of the EU fishing fleet shows an increasing trend, partly due to the improvements in the energy efficiency and recovery of fish stocks in the North-east Atlantic. Fuel is one of the main expenses fishing fleets have, and therefore, their economic performance remains highly dependent on the fuel price, even if they benefit from a fuel tax exemption. The adoption of the European Green Deal, the revision of the Energy Taxation Directive (ETD), the ongoing World Trade Organization (WTO) negotiation to prohibit harmful fisheries subsidies, and general public opinion are putting pressure to eliminate this tax exemption. This analysis investigates the impacts of the potential elimination of the fuel tax exemption across the different EU fishing fleets and it is discussed to what extent the small-scale, large-scale and distant-water fleets could be affected. This analysis is useful to inform policy-makers and stakeholders on the consequences of the potential elimination of the fuel tax exemption, as well as to discuss potential measures to mitigate the socioeconomic impacts arising from this eventual change in the current regulatory framework. Article in Journal/Newspaper North East Atlantic Unknown Sustainability 13 5 2719 |
institution |
Open Polar |
collection |
Unknown |
op_collection_id |
fttriple |
language |
English |
topic |
subsidy small-scale fleet European Green Deal Energy Taxation Directive (ETD) World Trade Organization (WTO) envir scipo |
spellingShingle |
subsidy small-scale fleet European Green Deal Energy Taxation Directive (ETD) World Trade Organization (WTO) envir scipo Natacha Carvalho Jordi Guillen Economic Impact of Eliminating the Fuel Tax Exemption in the EU Fishing Fleet |
topic_facet |
subsidy small-scale fleet European Green Deal Energy Taxation Directive (ETD) World Trade Organization (WTO) envir scipo |
description |
The EU-27 fishing fleet consumed 2.02 billion liters of fuel to catch 4.48 million tons of fish, valued at €6.7 billion in 2018. The profitability of the EU fishing fleet shows an increasing trend, partly due to the improvements in the energy efficiency and recovery of fish stocks in the North-east Atlantic. Fuel is one of the main expenses fishing fleets have, and therefore, their economic performance remains highly dependent on the fuel price, even if they benefit from a fuel tax exemption. The adoption of the European Green Deal, the revision of the Energy Taxation Directive (ETD), the ongoing World Trade Organization (WTO) negotiation to prohibit harmful fisheries subsidies, and general public opinion are putting pressure to eliminate this tax exemption. This analysis investigates the impacts of the potential elimination of the fuel tax exemption across the different EU fishing fleets and it is discussed to what extent the small-scale, large-scale and distant-water fleets could be affected. This analysis is useful to inform policy-makers and stakeholders on the consequences of the potential elimination of the fuel tax exemption, as well as to discuss potential measures to mitigate the socioeconomic impacts arising from this eventual change in the current regulatory framework. |
format |
Article in Journal/Newspaper |
author |
Natacha Carvalho Jordi Guillen |
author_facet |
Natacha Carvalho Jordi Guillen |
author_sort |
Natacha Carvalho |
title |
Economic Impact of Eliminating the Fuel Tax Exemption in the EU Fishing Fleet |
title_short |
Economic Impact of Eliminating the Fuel Tax Exemption in the EU Fishing Fleet |
title_full |
Economic Impact of Eliminating the Fuel Tax Exemption in the EU Fishing Fleet |
title_fullStr |
Economic Impact of Eliminating the Fuel Tax Exemption in the EU Fishing Fleet |
title_full_unstemmed |
Economic Impact of Eliminating the Fuel Tax Exemption in the EU Fishing Fleet |
title_sort |
economic impact of eliminating the fuel tax exemption in the eu fishing fleet |
publisher |
MDPI AG |
publishDate |
2021 |
url |
https://doi.org/10.3390/su13052719 https://doaj.org/article/7c6f178933ac458994a6af5e0436f410 |
genre |
North East Atlantic |
genre_facet |
North East Atlantic |
op_source |
Sustainability, Vol 13, Iss 2719, p 2719 (2021) |
op_relation |
doi:10.3390/su13052719 2071-1050 https://doaj.org/article/7c6f178933ac458994a6af5e0436f410 |
op_rights |
undefined |
op_doi |
https://doi.org/10.3390/su13052719 |
container_title |
Sustainability |
container_volume |
13 |
container_issue |
5 |
container_start_page |
2719 |
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1766139000477712384 |