Climate change, wealth, and a fishy example

IMGP0176With a great set of co-authors, including Eli Fenichel at Yale, we just published a paper in Nature Climate Change showing how to measure the impacts of climate change on wealth. Our previous work, including this, has shown how climate pushes natural resources around. In this new paper, we show that those movements change who gets access to resources, and how those movements affect wealth. As important, or even more important, than the quantity of resources, however, is the quality of a region’s resource management, existing institutions, and fishing regulations. Places with strong resource management stand to gain the most from climate-driven changes in resource distribution.

To make these points, we use a hypothetical example with two fishing ports.

This is one of the initial publications from our NSF Coastal SEES grant examining the impacts of climate change on fish and fisheries.

The paper is getting a bit of press as well: