Fisheries buyout from climate change indictment on federal government
In an unprecedented intervention by the federal government fisheries permits will be bought-out for the first time in Australia’s history because of climate change and environmental factors.
In what was described as a necessary but “shocking” development by the Australian Fisheries Management Authority, the federal government will spend $20m to buy out vessel permits in the south-east trawl fishery because the climate crisis is affecting population numbers of some species, making current fishing levels unsustainable.