Maldives revokes shark fishing ban after decades

illuminem summarises for you the essential news of the day. Read the full piece on Le Monde or enjoy below:

🗞️ Driving the news: The Maldives has revoked its 2010 ban on shark fishing, allowing the practice to resume under a government-led management plan
• The announcement reopens the gulper shark fishery starting November and marks a major policy reversal in one of the world’s most iconic marine sanctuaries
• Officials cite economic concerns and stock recovery as key drivers for the decision

🔭 The context: The Maldives banned shark fishing 15 years ago, prioritizing ecotourism revenues and global conservation leadership
• Shark tourism, especially diving, became a major contributor to GDP and local livelihoods
• The government now argues that monitored fishing of “abundant” species can be compatible with sustainability goals

🌍 Why it matters for the planet: Conservationists warn the move could threaten endangered species, damage marine ecosystems, and hurt long-term tourism
• Shark populations are slow to recover and highly vulnerable to exploitation
• The policy shift raises questions about balancing short-term economic pressure with long-term environmental commitments

⏭️ What’s next: The fishery is expected to reopen by November, contingent on finalizing regulatory frameworks
• International NGOs are calling for the decision to be reversed, while some tourism operators may re-evaluate partnerships
• Eyes are on the Maldives’ upcoming climate talks and its stance on marine protection

💬 One quote: “This policy U-turn sacrifices global credibility for a short-term gamble — it’s a loss for both conservation and climate diplomacy.” — Marine ecologist at Oceana

📈 One stat: Shark diving tourism was estimated to contribute over $20 million annually to the Maldivian economy before the ban was lifted

Interested in the companies shaping our sustainable future? See on illuminem’s Data Hub™ the transparent sustainability performance, emissions, and climate targets of thousands of businesses worldwide

Click for more news covering the latest on biodiversity and public governance