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In this way, subsidies, as well as fees,  fees –  as strategies for  behavior change                            acceptable amount of pollution in the en-  the access of people to oceanic fisheries
               can also be used to drive behavior change,  and eventual reduction of damage to the                               vironment and distributes or places these  resources) (FIELD; FIELD, 2014; STERNER;
               but unlike charges, which serve to curb a  marine environment must, however, con-                                 pollution rights for sale on the market.   CORIA, 2012; TIETENBERG; LEWIS, 2015).
               type of behavior, subsidies can be imple-  sider effects that can result in inefficiency                          Each holder of these licenses or certificates   Examples of economic instruments for this
               mented to encourage behavior and the  and ineffectiveness of results. In this way,                                will therefore have the right to emit an  type of market failure are quotas for the
               adoption of environmentally sustainable  policies must be designed to generate in-                                amount of pollution corresponding to the  use of natural resources, tradable license
               productive methods.. They can be adopt-  centives  that  do not  further  burden  the                             total of licenses held. The difference, if he/  programs and cap-and-trade. Through
               ed, for example, to encourage the devel-  marine environment and, therefore, do                                   she pollutes more than what it is permissi-  these instruments, the right to use natural
               opment of renewable ocean energy, the  not become so-called “perverse subsi-                                      ble, considering the total number of licens-  resources is distributed among those who
               reuse of plastic packaging with deposit-re-  dies”. An example of this type of subsidy                            es held, he/she must abate (depollute). In   do so up to a certain limit and can be trad-
               fund systems, the implementation of pol-  were those destined for the fishing sector                              short, this market for emission allowances  ed in markets. In the Blue Economy, these
               lution control systems on vessels and the  by  reducing  fuel  prices  or  encouraging                            works in a cap-and-trade format; a stan-  have been applied to the use of fishing re-
               elimination/reduction of tariffs for “envi-  the acquisition of new vessels; they were                            dard (cap) is set, divided into allowances,   sources, since their use without regulation
               ronmental goods” (FLYNN, 2015; KUWA-    considered harmful, as they promote ex-                                   which confer a “right” to pollute, and  can lead to the depletion of target species
               HATA; MONROY, 2011; OOSTERHUIS  et  cess fleet capacity and overexploitation                                      there is the possibility of the purchase and   and, eventually, the fishing industry itself
               al., 2014; UNCTAD, 2014).               of fishing stocks, via fishing activity cost                              sale of these licenses (trade). From this,  becomes unfeasible.
                 Subsidies can take the form of direct  reduction, which allow fishing to contin-                                companies will decide how to act in the     Programs such as these establish, for
               transfers of funds (loans, for example), tax  ue at inefficient economic levels (BANCO                            market, according to the confrontation   example, “total allowable catch”, “indi-
               exemptions,  research  and  development  MUNDIAL – WORLD BANK, 2016).                                             between the marginal cost of abatement  vidual quotas”, “individual transferable
               (R&D) support, etc. The main objective is                                                                         and the price of licenses (PEARCE; TURN-  quotas”, “individual quotas per vessel”
               to achieve the reduction of emissions by  2.3. Tradable license systems                                           ER, 1989; FAUCHEUX; NOËL, 1995; PER-     or even “community quotas”, in order to
               agents, but it can also encourage the de-                                                                         MAN et al., 1996).                       make clear the allocation of rights to to-
               velopment and diffusion of new cleaner     Although not highlighted by OECD                                          It is important to highlight that the ap-  tal capture of a fishery for an individual or
               technologies, helping to create new mar-  (2017), tradable license systems are also an                            proach of this economic instrument differs  group (groups can be community-based);
               kets for environmental resources and ser-  important economic instrument in the con-                              from that used by fees and subsidies, in-  these can usually be shared or traded in
               vices, in addition to encouraging new con-  text of the Blue Economy. Fees and subsi-                             sofar as the emission license markets work  markets. In a catch-sharing program,
               sumer behaviors (SANTOS, 2014).         dies are instruments commonly applied to                                  with quantities, instead of considering pric-  catch  limits  are  established  throughout
                 It is clear, however, that subsidies be-  correct externalities (positive or negative)                          es. The same approach is also adopted by  the fishery, and then portions of the catch,
               come inefficient if their existence leads to  of the production process, aiming to inter-                         command-and-control instruments, which  or parts, are assigned to participants and
               an overproduction of the subsidized prod-  nalize social costs and benefits generated                             limit pollution emissions through standards;   must remain within the limit (HOLLAND et
               uct or if they create undue profits for in-  by productive activities. However, other                             however, what differentiates the emission   al., 2015; JARDINE; SANCHIRICO, 2012).
               dividuals or parts of the market. In other  types of market failures, for example, the                            permit markets from this instrument is the   In Brazil, quotas have been estab-
               words, these must be temporary, because  use of common resources as inputs in pro-                                possibility of transferring the permits by the  lished for fishing for mullet (Mugil liza)
               at the same time they are constructive,  duction, nevertheless require economic in-                               market (PERMAN et al., 1996).            in the south and southeast of the coun-
               when used to obtain new technologies  struments that focus on the lack of proper-                                    From an economic point of view, fish-  try. Since 2018, the catch limit has been
               for the market, making it more compet-  ty rights over these goods.                                               ery resources from the ocean are exam-   established by season and by modality
               itive, and destructive, when used for a    According to Faucheux and Noël                                         ples of “common resources”, being called   along with individual quotas per vessel
               long time, creating interests that are dif-  (1995), the operation of tradable permit                             “rivals” (intensive use can deplete fishery   (BRASIL, 2018). This establishment was
               ficult to resolve in the future (EEA, 2005).  systems is as follows: the State, or the con-                       resources) and “non-excludable” (in prin-  adopted based on the need for fisheries
                 The adoption of subsidies – as well as  trol agency, decides in advance about the                               ciple, it is difficult to control or prevent   management  of  this  important  resource



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