August 9th, 2022 – Rashid Sumaila, FRCS. Professor in Interdisciplinary Ocean and Fisheries Economics at UBC

Rashid Sumaila is a Professor and Canada Research
Chair (Tier 1) in Interdisciplinary Ocean and Fisheries
Economics at the Institute for the Oceans and Fisheries,
and the School of Public Policy and Global Affairs,
University of British Columbia. His research focuses on
bio economics, marine ecosystem valuation and the
analysis of global issues such as fisheries subsidies, marine protected areas, illegal fishing, climate change, marine plastic pollution, and oil spills. Sumaila has experience working in fisheries and natural resource projects in Norway, Canada and
the North Atlantic region, Namibia and the Southern African region, Ghana and
the West African region and Hong Kong and the South China Sea. Dr. Sumaila
received his Ph.D. (Economics) from the University of Bergen and his B.Sc.
(Quantity Surveying) from the Ahmadu Bello University. Sumaila is widely published and cited. He won the 2017 Volvo Environment Prize and was named a
Fellow of the Royal Society of Canada in 2019. His interest in the environment
started early in life when his grandfather used to say people should “walk as if
the ground feels pain” – this is sophisticated environmentalism! His specific interest in ocean and fisheries was picked in Norway. Sumaila enjoys exploring
novel ideas and mentoring future thinkers. He loves waking up each day thinking of how best to contribute to ensuring that we bequeath a healthy ocean to
our children and grandchildren so they too can have the option to do the same.
Sumaila’s research involve: (i) applying game theory to fisheries, to, for example, identify whether or not developing countries should give access to their
fisheries resources to foreign fleets; (ii) rethinking the nature of the discount
rates applied to natural resource projects, and formulating a highly original alternative (“intergeneration discount rates”); (iii) understanding the nature,
amounts and effects of government subsidies on global fisheries; (iv) documenting the employment in fisheries and competing uses of living marine resources; and, (v) estimating the multiple benefits that would be obtained globally by rebuilding fish stocks and setting up marine reserves, including the concept of the ‘High Seas’ as a large marine reserve or a ‘fish bank’ for the world.

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