File(s) not publicly available
Quantifying the economic impact of climate change and market dynamics: The case of Australia’s Sydney rock oyster industry
journal contribution
posted on 2019-05-15, 00:00 authored by Peggy SchrobbackPeggy Schrobback, S Pascoe, L CoglanDue to their reliance on renewable and natural resources, climate change affects fisheries and aquaculture industries. The aim of this study was to develop a framework to quantify the potential economic impact of climate
change on an industry and analyze the impact of market dynamics on its economic viability under changing climate. To achieve this, a model was developed that incorporates economic, spatial, and biophysical variables. By way of empirical illustration, the focus was on Australia’s Sydney rock oyster (SRO) industry. The findings from scenario analyses suggest that the negative effect of projected climate change on the industry’s revenue may be moderate overall. However, some production areas may be more affected than others. Furthermore, results suggest that market dynamics could have a larger impact on the future economic sustainability of the industry than direct effects from climate change.
Funding
Category 2 - Other Public Sector Grants Category
History
Volume
33Issue
2Start Page
155End Page
175Number of Pages
21eISSN
2334-5985ISSN
0738-1360Publisher
University of Chicago PressPublisher DOI
Full Text URL
Language
enPeer Reviewed
- Yes
Open Access
- No
Acceptance Date
2018-02-05External Author Affiliations
CSIRO Oceans and Atmosphere; Queensland University of TechnologyEra Eligible
- Yes