January 19, 2015 — Climate change is already having a severe impact on the atmosphere and oceans around the world. These changes are also impacting specific economic sectors including the fishing and aquaculture industries.
According to a recent report by the European Climate Foundation, the Sustainable Fisheries Partnership and the University of Cambridge, the fishing industry is projected to lose tens-of-billions as the world continues to heat up.
"Current estimates of the total loss of landings to global fisheries by 2050 due to climate change range between USD $17 and $41 billion, based on a global 2°C warming scenario," the authors concluded "Losses are likely to be highest in East Asia and the Pacific. Acidification is projected to drive a decline in global shellfish production between 2020 and 2060."
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