Climate change to cost global fisheries $10 billion per year

Published on October 6, 2009

A new World Bank study, authored with contributions by Rashid Sumaila (2009), predicts that global fisheries will likely lose $US 9.6 billion in revenues per year from 2050 due to climate change. Under one scenario described in a draft version of the report, developed countries could expect to lose US$ 2.6 billion per year, while developing countries could lose as much as US$ 7 billion. Fisheries are just one element of the study, which examines economic sectors where the total cost of adapting to climate change is predicted to be between US$ 75 and 100 billion for developing countries. Read additional coverage in Bloomberg, BBC, and Reuters Africa.