Investment in technological solutions and vessel efficiency are the key factors in the reduction of fuel consumption and carbon emissions in the fishing industry.

In Iceland, fishing exports have remained stable over the years while fuel consumption has decreased dramatically due to the optimization and revolutionary changes in fishing vessel efficiencies.

Some 40 years ago, it required many vessels and fishermen to catch 2,400 metric tons of pelagic fish in Iceland. Today, one vessel can catch 3,200 tons with a much lower fuel consumption.

“This is possible thanks to the use and construction of larger and more powerful propellers than previously known, which are based in Icelandic innovation, that is also being exported to other countries,” said Heidrun Lind Marteinsddottir, president of Fisheries Iceland.

Fuel consumption reduction is a priority in advanced fishing industries not only due to its effect in environmental impact but also as an important reduction of costs.

However, there is a need for public authorities and private industries to collaborate in a further reduction of carbon emissions.

According to a preliminary study commissioned by Fisheries Iceland, neutral carbon emissions in the country’s fishing industry is an achievable goal, but requires much investment and above all, incentives for companies.

“We must discuss incentives, if we want to make significant progress we need incentives that actually work,” said Marteinsddottir.

“Politicians’ role is important, they have noble causes toward sustainable development, but significant progress cannot be done through banning, prohibiting and increasing taxes,” she said.

With the right initiatives, fuel consumption in fisheries can be reduced further, but the efforts cannot be one-sided.

“Authorities cannot do all the work, and companies need to take initiative, but incentives are important, progress is driven by further investment, research and innovation.”

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