Acknowledgements: U.R.S. and W.W.L.C. thank the Social Sciences and Humanities Research Council of Canada for funding the Solving FCB Research Partnership. U.R.S. acknowledges the support of the Pew Charitable Trusts. U.R.S. and L.A. are grateful to the Dona Bertarelli Philanthropy for support. M.B., W.W.L.C. and U.R.S. acknowledge support from the Canada Research Chairs program. S.V. gratefully acknowledges the financial support from EQUALSEA (Transformative adaptation towards ocean equity) project, under the European Horizon 2020 Program, ERC Consolidator (Grant Agreement # 101002784) funded by the European Research Council. Finally, we want to thank the Pew Charitable Trusts for their support of our (UBC’s Fisheries Economics Research Unit) research on the impacts of harmful fisheries subsidies.