Mesopelagic–epipelagic fish nexus in viability and feasibility of commercial‐scale mesopelagic fisheries

Abstract While considerable scientific uncertainties persist for mesopelagic ecosystems, the fishing industry has developed a great interest in commercial exploitation with improved technologies as part of their search for new sources of feed for fishmeal and fish oil for aquaculture, which will intensify with the planet's growing population. The multiple uncertainties surrounding the ecosystem structure and particularly the size of biomass, hinder a good understanding of the risks associated with large‐scale exploitation, which is needed for a management framework for sustainable ocean uses. Despite concerns regarding irreversible losses triggered by commercial fishing, work exploring the vulnerability of mesopelagic fish to harvesting is largely missing. This study investigates the economic feasibility of mesopelagic fishing which is the primary driver for any possible future expansion. Using very limited information currently available, we conduct a high‐level assessment focusing on key ecological and economic interactions and develop an initial understanding of the economic feasibility of commercial harvesting for mesopelagic fish in the coming years. We conduct simulations using a classical bioeconomic model that captures two species groups, mesopelagic and epipelagic fish, using a wide range of price and cost parameters. We analyze different scenarios for the economic profitability of the fishery in a regional fishery management context. The results of our study highlight the importance of better understanding key biological and ecological mechanisms and parameters which can in turn help inform policies aimed at protecting the mesopelagic.