Climate change to cost global fisheries US$ 10 billion per year according to new World Bank report
A new World Bank study, authored with contributions by Rashid Sumaila and William Cheung, predicts that the global fisheries sector is likely to lose an estimated $US 9.64 billion in revenues in the year 2050 due to climate change. A draft version of the full report, available here, explains that under one possible climate change and fisheries management scenario, developed countries could expect to lose US$ 2.64 billion per year while the effect on developing countries could be as high as US$ 7 billion.
Photo by Jason Dunn.
The World Bank report, which covers many sectors of the economy, predicts that the…
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