News release: “Investing around US$8 billion a year in rebuilding and greening the world’s fisheries could raise catches to 112 million tonnes annually while triggering benefits to industry, consumers and the global economy totalling US$1.7 trillion over the next 40 years. These are among the findings of a new, landmark report being compiled by the United Nations Environment Programme (UNEP) and economists entitled the Green Economy – part of which was previewed today in New York. The investment, some of which can be covered by phasing down or phasing out some of the US$27 billion-worth of fishing subsides currently in place, is needed to dramatically reduce the excess capacity of the world’s fishing fleets while supporting workers in alternative livelihoods.”