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FINANCIAL INSTRUMENTS FOR THE FUTURE CFP


Framian proposed that the European Fisheries Fund of 2013-2022 should be constructed along the following lines:

Principles:

  • Focus on ‘raison d’être’ of CFP – exploitation of common resource
  • Pro-active - addressing causes, not consequences
  • Process oriented – addressing behaviour of operators, not structure/size of the sector
  • Creating conditions, not benefiting individuals
  • Focus on public tasks (environment), not industry viability

Objective:
Proportionate support of CFP objectives and priorities.

Role:
Create market consistent incentives to promote and strengthen environmentally sustainable behaviour.

Measures:
  • Promotion of cooperation / Industry assuming responsibility
  • Strengthening industry knowledge and its input to scientific assessment
  • Introduction of new technologies (reduction of discards and other impacts)
  • Facilitating markets for production rights (ITRs)
  • Financial engineering instruments

 (see full presentation)

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