Global fisheries stand to lose approximately $10 billion of their annual revenue by 2050 if climate change continues unchecked, and countries that are most dependent on fisheries for food will be the hardest hit, finds new UBC research.
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 examined the financial impact of these projected losses for all fishing countries in 2050, compared to 2000.
Read the press release at http://news.ubc.ca/2016/09/07/future-fisheries-can-expect-10-billion-revenue-loss-due-to-climate-change/
Article in Scientific Reports: http://www.nature.com/articles/srep32607