How subsidy mismanagement is threatening EU fisheries

Seas At Risk released a new report exploring how the allocation of certain subsidies from the European Maritime and Fisheries Fund (EMFF) can lead to financing of harmful fishing practices and potential increased overcapacity, causing overfishing and loss of marine biodiversity. In particular, the report’s findings indicate that subsidies that cover operational costs, such as funds for the young fishers scheme (Article 31), can turn out to be harmful subsidies, as the safeguards attached to them are not sufficient or properly applied and enforced to prevent their damaging consequences.