The world faces the nightmare possibility of fishless oceans by 2050 without fundamental restructuring of the fishing industry, UN experts said Monday. ‘If the various estimates we have received… come true, then we are in the situation where 40 years down the line we, effectively, are out of fish,’ Pavan Sukhdev, head of the UN Environment Program’s green economy initiative, told journalists in New York. A Green Economy report due later this year by UNEP and outside experts argues this disaster can be avoided if subsidies to fishing fleets are slashed and fish are given protected zones — ultimately resulting in a thriving industry. The report, which was opened to preview Monday, also assesses how surging global demand in other key areas including energy and fresh water can be met while preventing ecological destruction around the planet. UNEP director Achim Steiner said the world was ‘drawing down to the very capital’ on which it relies. However, ‘our institutions, our governments are perfectly capable of changing course, as we have seen with the extraordinary uptake of interest. Around, I think it is almost 30 countries now have engaged with us directly, and there are many others […]