Informal deal on European Maritime Fisheries and Aquaculture Fund for the period 2021-2027

The Council concluded today an informal deal with the European Parliament on how to disperse the 6.108 billion budget of the 2021-2027 European Maritime Fisheries and Aquaculture Fund (EMFAF) to sustain and modernise the sector.

Metadata
Provider: 
ECEC
URL: 
http://www.consilium.europa.eu/en/press/press-releases/2020/12/04/informal-deal-on-european-maritime-and-fisheries-fund-for-the-period-2021-2027/http://www.consilium.europa.eu/en/press/press-releases/2020/12/04/informal-deal-on-european-maritime-and-fisheries-fund-for-the-period-2021-2027/
Retrieved on: 
Saturday, December 5, 2020
Information
Tags: 
Aquaculture, Sustainable food system, Fisheries law, Fishing industry, Illegal, unreported and unregulated fishing, Food and drink
Summary
Key Points: 
  • The Council concluded today an informal deal with the European Parliament on how to disperse the 6.108 billion budget of the 2021-2027 European Maritime Fisheries and Aquaculture Fund (EMFAF) to sustain and modernise the sector.
  • The new EMFAF will particularly support small-scale coastal fisheries and vessels up to 24 meters as well as promote aquaculture.
  • The negotiated text includes provisions to finance investments that will improve safety, energy efficiency and the quality of catches on EU's fishing vessels.
  • For example, the fund can be used to finance the replacement or modernisation of engines of fishing vessels to increase energy efficiency and reduce CO2 emissions.
Copyright: 
2020 EC. All Rights Reserved.