Under the European Maritime and Fisheries Fund (EMFF), a total of EUR 5.75 billion (USD 6.28 billion) will be spent on implementing the objectives of the European Commission's (EC's) Common Fisheries Policy (CFP) and the Integrated Maritime Policy (IMP) across the EU for the period 2014-2020.
To plan for this implementation, 27 Operational Programs (OPs) have now been adopted, one for each participating member state. Luxembourg has opted out of the EMFF.
Under their respective OPs, member states have committed to supporting sustainable and competitive fisheries and aquaculture, creating 10,200 jobs while maintaining another 85,000.
Fuel efficiency is expected to increase by more than 40 percent, while the introduction of the landing obligation (or discard ban) will lower the volume of unwanted catches by more than 20 percent.
