Marine Issues 2 Flashcards
What are the property rights problems with Marine Environments?
Ill defined property rights
Tragedy of the Commons
High Transaction Costs
Examples of Transaction Costs?
Cost of searching for a partner Screening of potential partners Bargaining/negotiation Transferring of products Monitoring agreement to ensure conditions filled Enforcement
When are inshore fisheries degraded?
Open access
Governed by top down national regimes
Local and regional officials have insufficient autonomy
When was UNCLOS formed?
1994
What is UNCLOS?
Embodiment of lots of treaties into 1 set of ‘laws of the sea’
How many articles and annexes?
320 articles
9 annexes
What aspects of the ocean regulation does UNCLOS cover?
Delimitation Env control Marine scientific research Economical and commercial activities Transfer of technology Settling of disputes
What is the exact limit of coastal state sovereignty of territorial sea?
12 nautical miles
What is the limit of the Exclusive Economic Zone?
200 nautical miles
What are the responsibilities of coastal states?
Prevent and control pollution and are liable for damage within their zones
What is the polluter pays principle?
Determines liability
Imposes sanctions for wrongful conduct
Internalises environmental and social costs
When was the Exxon Valdez spill?
March 24th 1989
How much EV oil was split?
10.8 million gallons or 42 million litres
What area was fouled in EV spill?
1900km of pristine shoreland
How bad was the EV spill in context of others?
34th out of worlds largest spills in last 25 years
Social impact of EV spill?
4 deaths associated with the clean up
What were the main losses of the EV spill?
Loss of local fish/subsistence livelihoods
Loss to local economy in terms of tourism & wildlife
Passive use value of $2.8 billion!