The Economic Impact of the Northeast Canyons and Seamounts Marine National Monument on Commercial Fishing

Dates
-
Location
Atlantic Ocean/ coastal New England
Status
Underway

Created in 2016, the Northeast Canyons and Seamounts Marine National Monument is a nearly 5,000 square mile marine protected area off the coast of New England, on the edge of Georges Bank. The area includes four underwater mountains and three deep-sea canyons, along with numerous unique and endangered marine species. In June 2020, former President Trump signed a proclamation to open up the Northeast Canyons and Seamounts Marine National Monument to commercial fishing, reacting to pressure from fishing industry advocates. Preliminary research, however, suggests that very few fishermen were actually fishing in the national monument zone prior to its closure. 

Conservation Strategy Fund (CSF) is conducting an analysis to determine the effect the closure has actually had on the fishing industry, measuring pre-closure fishing activity, closure fishing activity, and re-opened fishing activity using data from Global Fishing Watch. First, the analysis will determine the economic impact of the marine national monument on highly migratory species (HMS) in addition to the squid, mackerel, butterfish (SMB) fisheries. Next, the study will examine the economic impact of re-opening the monument to commercial fishing. 

Shortly after taking office in 2021, President Biden directed the Department of Interior to review the boundaries and conditions of several protected areas, including the Northeast Canyon and Seamounts Marine National Monuments, and provide recommendations for actions to take by March 2021. Therefore, this analysis has become exceptionally time-sensitive and has the potential to immediately influence policy. 

This project is being conducted in partnership with and funded by the Natural Resources Defense Council

Photo: Fin whale
Photo Credit: Leonardo Gonzalez/ Shutterstock.com