WWF and RSA have introduced a worldwide report on risks that have increased owing to environmental change. This in-depth report explores new research and offers insights on the effects of environmental change. The report, released on June 8, offers practical information on how organizations can mitigate and manage these risks, an essential consideration for the fishing industry of Canada.
RSA, a marine insurer underwriting cargo, fishing, aquaculture and shipping, has insight into the opportunities and challenges encountered by organizations involved in the marine industry.
The report considers: Canada’s fishing industry and the prospective advantages of Marine Protected Areas; shipping efficiency, design and the effect of low sulphur fuels; enhancing safety and deceasing environmental risk arising from cargo; and an oil spill scenario on Scotland’s coast.
Some of the highlights of the report that have a direct impact on the fishing industry of Canada: the fishing industry has been heavily impacted by the quota systems of the government; plummeting stocks have led to financial pressures for the insurance industry; and changes occurring to the environment have the potential to affect economic activity, however it can be avoided if actions are taken immediately.
WWF-Canada and RSA, under a three-year strategic partnership, are collaborating to assist conserve the oceans of Canada by developing a marine protected areas (MPAs) network to protect biologically essential regions and develop ecosystems that are adaptable to climate change.