Paris Agreement benefits to fishing

Abstract

Ecological Economics Traditional arguments against environmentalist regulation often focus on the cost. However, Sumaila et al. estimated that implementing the Paris Agreement would be financially helpful to the world's fishing industry and to seafood consumers. They combined models of fish habitat, climate variation, and seafood prices given the two projections of 1.5°C increase in global temperatures, as stipulated by the Paris Agreement, and the 3.5°C anticipated if present trends continue. The authors conclude that the Paris Agreement would mean an extra $4.6 billion in revenue for fishers, $3.7 billion in wages for seafood workers, and $6.3 billion in savings for consumers. Sci. Adv. 10.1126/sciadv.aau3855 (2019).