Fiscal policy tools: creating a sustainable future for ocean and people
Channel: IIED
Date: 2019-01-23

This animation from the International Institute for Environment and Development (IIED) explains how fiscal reforms and fiscal tools such as taxes, penalties and subsidies can support the health of the ocean and protect the livelihoods of people who depend on it.

From seas poisoned by toxins to dangerous overfishing, damaged sea-floor habitats to deadly plastic pollution, human activity has pushed our ocean to crisis point – and threatens the livelihoods of millions of women and men who rely on ocean resources. 

In under two minutes, the animation brings to life how governments can put these tools to best use – such as introducing penalties to discourage overfishing and harmful practices like dredging, and incentivise positive initiatives, for example by subsiding innovation that protects marine life.

More details: https://www.iied.org/iied-animation-using-fiscal-policy-tools-create-sustainable-future-for-ocean-people