Fisheries accounts, a summary of current work in New Zealand and Australia Paper for 12 th Meeting of the London group on Environmental Accounting Rome, 17-19 December 2007 Jane Harkness and David Bain Presentation Jane Harkness – Statistics New Zealand Peter Comisari – Australian Bureau of Statistics
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Fisheries accounts, a summary of current work in New Zealand and Australia Paper for 12 th Meeting of the London group on Environmental Accounting Rome,
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Fisheries accounts, a summary of current work in New Zealand and AustraliaPaper for 12th Meeting of the London group on
Environmental Accounting Rome, 17-19 December 2007 Jane Harkness and David Bain
PresentationJane Harkness – Statistics New Zealand
Peter Comisari – Australian Bureau of Statistics
Fish Monetary Stock AccountNew Zealand
Jane Harkness
Overview• Background
– Fish Monetary Stock Account
– Quota Management System QMS
• Data and Methods
– Issues
• Results
• Questions
Overview• Asset value of New Zealand’s commercial
fish resource
Exclusions
• Recreational catch
• Customary fishing
• Aquaculture
• Non QMS species
The Quota Management System
• Began in 1986
– In 1986 the QMS managed 27 species
– In 2006 the QMS managed 94 species
• Theoretical benefits of the system
– Sustainable use of resources
– Economic efficiency
The Fisheries Management Areas
• Species are managed in Quota Management Areas
• 10 Fisheries Management Areas FMAs
hoki HOK has one QMA
cardinal fish CDL has 10
Snapper
QMA TACCSNA1 4500SNA2 315SNA3 32SNA7 200SNA8 1300
Total 6347
Quota Management Areas
Management Mechanisms
• Quota representing shares for a species in a Quota Management Area
• Total Allowable Commercial Catch TACC is set annually
• The Quota holding generates an Annual Catch Entitlement ACE (after 2001)
Quota shares, TACC and ACE
JMA7 has 100 million quota shares.▼
J Fisher owns 10,000 quota shares or 0.01 percent of the JMA7 fish stock.
▼On 1 October, J Fisher’s shares generate ACE.
▼The TACC for JMA7 is set at 32,000 tonnes, therefore 1 share = 0.32kg.
▼J Fisher’s 10,000 quota shares generate 3,200kg of ACE.
▼J Fisher can catch, or sell the right to harvest, 3.2 tonnes of JMA7 in that year.
Data & Methods
Data components
– Quota
– ACE – Annual Catch Entitlement
– TACC – Total Allowable Commercial Catch
– Catch statistics
Data & Methods
• Ministry of Fisheries administer the QMS and assist in interpretation of data
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006Quota 99558 102927 72211 66771 80783 96198 105222 117954 113293 102243 82207ACE NA NA NA NA NA NA 7941 7603 7088 5533 7203
Quota 86423 47214 59025 70148 66309 50241 - 89517 - 82800 -ACE NA NA NA NA NA NA 5924 8011 7453 5423 5884
Quota - 3742 2300 5980 2999 2300 - 2848 - - -ACE NA NA NA NA NA NA 643 19 - 221 -Quota 90707 16118 19060 35691 12022 41400 40595 47265 - - -ACE NA NA NA NA NA NA 1489 839 2055 2446 2395
Quota 90569 67970 64294 66505 47546 78839 100004 77648 - - 96034ACE NA NA NA NA NA NA 4493 5497 6535 6042 6150
Note: values are for demonstration only
SNA7
SNA8
Quota and Ace values for Snapper
SNA1
SNA2
SNA3
Change in Methodology:Fish Monetary Stock Account 1996-2006
• Previously Quota x TACC
• Decreasing Quota trades → Increase in modelling
• Now ACE trades used as approximation of resource rent RR