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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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