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Oct 28, 2016

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

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. Read the article.