ECONOMICS OF PROTECTED SPECIES
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1 ECONOMICS OF PROTECTED SPECIES The value of eco-labels through revealed consumer preferences for seafood in San Diego County Oriana Poindexter, Sarah Mesnick, Rebecca Lent, Dale Squires United States Marine Mammal Commission Southwest Fisheries Science Center National Marine Fisheries Service World Wildlife Fund Ocean Associates, Inc.
2 Overview 1. Intro: Eco-labels as market-based policy Instruments 2. Design & Methods: Study Goals and Data 3. Results: Availability, Price, Trophic Level, Ecolabels 4. A Closer Look: Dolphin Safe Tuna
3 Introduction Eco-labels as market-based policy instruments Ward & Phillips, Seafood Ecolabelling: Principles and Practice.
4 Design & Methods Study Goals Part One: Part Two: Describe and quantify the consumer market landscape for seafood products and existing eco-label frameworks in San Can ecolabels address both Diego County. the information externality and the ecosystem externality? What is the best approach to apply revealed consumer preferences to measure the value of ecolabels on bycatch mitigation and environmental protection? Ward & Phillips, Seafood Ecolabelling: Principles and Practice.
5 Design & Methods Study Design: stratified random sample, panel & cross-section data Stratified random sample of survey locations 72 locations selected from a total of 256 across San Diego County, divided into 4 strata Panel Data: Six bimonthly visits from Sept 2015 Aug 2016 Data recorded for all non-frozen seafood products and all frozen shrimp products: Species name* Price Production method Condition at sale Country of harvest All additional labeling: Keywords, eco-labels, etc. Cross-sectional Data: August 2016 Data recorded for ALL seafood products in each market, including Frozen, Canned, Prepared, Shelf Stable, and other refrigerated products. *Species identified to highest level of certainty with trophic level data after the survey period using Fishbase and Sea Around Us. Map prepared by Abby Newman, Scripps Institution of Oceanography
6 Methods Data Set: Panel and cross-sectional data Sept 2015 Oct Nov Dec Jan Feb March April May June July August st Visit 2 nd Visit 3 rd Visit 4 th Visit 5 th Visit 6 th Visit Data recorded for all Fresh seafood and frozen shrimp All Fresh All Frozen All Canned, Shelf Stable, & Prepared Panel Data: 12,865 Products Cross-Sectional Data: 7,868 Products Full Data Set: 18,397 Products
7 Results Results: Cross Section Interactive Graphic
8 Results Results: Panel Interactive Graphic
9 Results Results: Price Premiums for Ecolabelled products Number of species: MSC = 8 MBA = 27 BAP = 3
10 Results Results: MSC Certified Seafood Species
11 Results Results: Monterey Bay Aquarium Seafood Watch Yellow and Green Whole Foods Markets
12 A Closer Look: Dolphin Safe Tuna A Closer Look: Dolphin Safe Tuna
13 Conclusions Conclusions & Challenges?
14 Conclusions Conclusions & Challenges How can we best apply this set of market data to measure the value of ecolabels to bycatch mitigation for protected species? In Theory: One policy instrument per externality, unless the externalities are closely linked enough. In Practice: Is an ecolabel enough to address both the bycatch and the information externalities?
15 SUPPLEMENTARY INFORMATION
16 Conclusions Existing Eco-label Frameworks: Benefit Marine Stewardship Council Monterey Bay Aquarium Seafood Watch Dolphin Safe Fair Trade Market Access Yes Yes Yes Yes Price Premium Yes Yes Yes Yes Measurable Impact for Protected Species? No No Yes No
17 Fair Trade Model: Premiums for Impact 5B0%5D=557&loc%5Bhierarchical_select%5D%5Bselects%5D%5B1%5D=label_1&loc%5Bflat_select%5D=557&hs_form_build_id=hs_form_1ffb341621b010c08b70debe991e4616&ww=0
18 A Closer Look: Swordfish A Closer Look: Swordfish Interactions with Protected Species led to regulations on domestic producers, followed by transfer effects
19 Price Premiums & Market Access? Price Premiums & Market Access: Interactive Graphic
20 A Closer Look: Dolphin Safe Tuna A Closer Look: Dolphin Safe Tuna F, s,
21 Do eco-labeled products carry a price premium?
22 Eco-labels carry a price premium MSC: Coldwater Oregon Bay shrimp: Wild, Cooked, Tail off, Tiny MBA Seafood Watch Yellow Rating: White Gulf Shrimp: Wild, Previously Frozen, Extra Large + Fair Trade Sinaloan whiteleg shrimp, Wild (suripera) BAP Aquaculture Certification: Whiteleg shrimp: Farmed, Frozen, all size classes Giant tiger prawns: Farmed, Frozen, Extra Jumbo +
23 Wild Blue Shrimp Value Chain: Grade #1, U10, 2016 (Prices in USD/lb) Retail: $ % Foodservice: $14.75 Ex-Warehouse: $ % +15% Processor: $10.65 Ex-Vessel: $ %
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