Icelandic fishermen have tradeable quotas that give them an incentive not to deplete stocks, some experts argue Phil Noble/ReutersThe government should use leaving the European Union as an opportunity to introduce Icelandic-style tradeable quotas for fishermen, a free market think tank has proposed. Under the system put forward by the Institute of Economic Affairs, trawler owners would hold quotas that are permanently valid and could be bought and sold. This would mean that fishermen had an incentive not to deplete fish stocks because this would reduce the value of their quota. The IEA goes as far as to suggest that the fishing industry could be given responsibility for setting its own quotas. Although fish stocks in the EU…

Source: The Times September 22, 2016 23:02 UTC