From Catch Quotas to Effort Regulation: Politics and Implementation in the Faeroese Fisheries

Abstract

This chapter outlines the history of Faeroese fisheries management, particularly emphasising the two great management reforms in the mid-1990s that made the Faeroes a pioneer nation in Northeast Atlantic fisheries management. The chapter shows how the typical implementation challenges associated with catch quota-based management - incidental catch, discards, and misreporting - led the Faeroese Home Government to abandon TACs and resort to a system of effort regulation in the cod sector. The main implementation challenges and applied solutions regarding the applied effort regulation system are discussed. Finally, the chapter explains the unique development of Faeroese fisheries management.