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» Home » 2016 » September » 07 » Climate change could cause $10 billion in annual revenue loss to fisheries by 2050

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Climate change could cause $10 billion in annual revenue loss to fisheries by 2050

September 7, 2016

climatechangesighGlobal fisheries could lose approximately $10 billion of annual revenues by 2050 if climate change continues at current rates, and countries most dependent on fisheries for food and livelihoods will feel more of the effects, finds new research published in Scientific Reports. Climate change impacts such as rising temperatures and changes in ocean salinity, acidity and oxygen levels are expected to result in decreased catches, as previous research from UBC’s Institute for the Oceans and Fisheries has found. In this study, the authors (including CORU Postdoctoral Fellows Vicky Lam, Gabriel Reygondeau and CORU Leader William Cheung) examined the financial impact of these projected losses for all fishing countries in 2050, compared to 2000.

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