Fisheries losses from climate change estimated at USD 10 billion, study says

By Christine Blank, Contributing Editor
Published on Thursday, October 27, 2016

Global warming and ocean acidification are causing a noticeable declines in some fisheries currently and are expected to cause major ecological and financial damage to the world’s fisheries in the future.

Fisheries around the world could lose an estimated USD 10 billion (EUR 9.2 billion) in annual revenue by 2050 if climate change continues unchecked, according to a recent study published in Scientific Reports.

“We show that global fisheries revenues could drop by 35 percent more than the projected decrease in catches by the 2050s under high carbon dioxide emission scenarios,” wrote the team of scientists from the University of British Columbia.

Countries that are most dependent on fisheries to feed their populations will experience the biggest impacts, they found.

“It is necessary to implement better marine resource management plans to increase stock resilience to climate change,” said Vicky Lam, lead author and a postdoctoral fellow at UBC’s Institute for the Oceans and Fisheries, in a statement.

However, some developed countries such as Greenland and Iceland could see revenue increases as more fish move into cooler waters, they found.

Read the rest at Seafood Source