Shark fin option trade profits
Ecotourism is tourism centered around natural environments, especially those that involve threatened wildlife. This practical substitute would allow the current decrepit shark populations to grow back to a sustainable number that is optimal for the ecosystem by allowing tourists to watch them. As Ward-Paige et al. These sharks can not only be watched for aesthetic pleasure, but their numbers can be observed to keep track of their populations as well.
Additionally, upon allowing for the apex predator to regain healthy levels in the environment, all other fished populations would be restored due to the revival of ecological balance. Ecotourism provides an outlet for economic gain for the hotels and restaurants that would be losing profit from halted shark fin operations.
With ecotourists needing a place to stay and eat, these hotels and restaurants will be making easy money. This gain is much more sustainable economically simply because the sale of shark fin soup cannot last past the extinction of the species.
Additionally, ecotourism promotes the conservation of these creatures, meaning money will come in for years to come. In the long-term, it will generate more money because tourists will keep coming and supporting local economies year after year.
The fishermen, in countries supplying the fins like Costa Rica, who stand to lose the most can recuperate by using their vessels for tours rather than fishing. In the case of interested participants, government programs in the countries where the removal of shark finning would be a major loss can be developed with monetary start up aid for fisherman planning to convert their operations into tourism programs.
It may not make as much immediate money as finning, but ecotourism does generate a significant amount of money in the long term for these individuals. This price can sharply increase depending on the area and if actual diving is involved. Again, this will keep making money, as opposed to shark finning which will only be a viable option for a limited number of years.
To begin this shift into ecotourism, government incentives can be offered to shark finning vessels that are renovated into tourist vessels. Unfortunately, traditions will have to change to allow this to happen. However, a quick glance at human history demonstrates that traditions are always changing. There is nothing to stop shark finning from being any different. In fact, this cultural turn-around has already begun in China.
The main person responsible for the proposal, Guo Guangchang, is an influential billionaire. This is a great step in the right direction because as an elite leader in China, he is in a prime position to lead by example.
Despite this decrease, more needs to be done before we actually see shark species recover. While changing traditions is often a lost cause on older members of the population, children are more open to new ideas. If children can be educated about the devastating effects that the loss of sharks has on the ecosystem, as well as the cruelty of finning itself, preferably in school, then they can begin advocating for the abolishment of the shark fin trade as well.
Future generations of Asian children will be growing up with the idea that social traditions must change in order for the greater good to prevail. In order to improve the relationship between the environment and humanity, the idea of ecosystem preservation must be promoted. Shark fins boost the Asian economy by only 2 billion dollars annually, with that number declining each year due to the lack of available sharks. More importantly, this ecotourism tactic can be employed in places like Costa Rica, that provide a significant amount of the shark finning supply Personal Communication, Evan Ross.
Like how park rangers in Africa are generally ex-poachers, we can employ shark fisherman in other countries for ecotourism purposes in their respective waters Personal Communication, Evan Ross. Shark populations have more value when they are sustained and managed properly. The value of the fins on one shark can be easily recovered after a relatively short period of time. Fishermen and other industry workers dependent on shark fins in countries responsible for most of the shark fin supply can easily make the switch towards ecotourism by converting their boats and services into shark tour operations.
Ecotourism, in terms of sharks, would include cage dives and shark sightseeing similar to whale watching in the United States. Though fishing is an industry for skilled workers, their skills can be utilized by catching fish used for shark baiting, releasing the bait, operating the boat for the tours, or by joining the growing industry of fish farming.
Government incentives, including aid with job placements and aid for starting an ecotourism company, for those willing to leave the shark finning industry could be put in place in these countries. The youth of Asia must be educated on the global impact that the cultural indulgence of shark fin soup makes.
Tourists will also be educated on the effects that their food tourism takes on the ecosystem, and how partaking in sustainable tourism practices will ensure a better endgame for all stakeholders involved. The world is always changing, with cultural traditions changing with it.
There is an obvious personal benefit in the long term sustain of shark populations in Asia that no one can deny; it is human nature to tap the untapped potential that awaits. Population trends in Pacific Oceanic. Conservation Biology, 27, Shark finning gets total NZ ban. The New Zealand Herald. Retrieved April 18, , from. The Process of Shark Finning.
Retrieved April 14, , from. Shark hunting- an indiscriminate trade endangering elasmobrachs to extinction. Current Science, 92, Journal of Fish Biology, 80, What are long lines?. Your email address will not be published. The allocation to each US Select Sector ETF is changed every month depending on whether its price is higher or lower than its 6 month moving average.
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