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Economic Costs of Ocean Acidification: A Look into the Impacts on Shellfish Production. ESRI WP391. June 2011

Narita, Daiju and Tol, Richard S.J. and Rehdanz, Katrin (2011) Economic Costs of Ocean Acidification: A Look into the Impacts on Shellfish Production. ESRI WP391. June 2011. [Working Paper]

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    Abstract

    Ocean acidification is increasingly recognized as a major global problem. Yet economic assessments of its effects are currently almost absent. Unlike most other marine organisms, mollusks, which have significant commercial value worldwide, have relatively solid scientific evidence of biological impact of acidification and allow us to make such an economic evaluation. By performing a partial-equilibrium analysis, we estimate global and regional economic costs of production loss of mollusks due to ocean acidification. Our results show that the costs for the world as a whole could be over 100 billion USD with an assumption of increasing demand of mollusks with expected income growths. The major determinants of cost levels are the impacts on the Chinese production, which is dominant in the world, and the expected demand increase of mollusks in today’s low-income countries, which include China, in accordance with their future income rise.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > agriculture policy
    EU policies and themes > Policies & related activities > environmental policy (including international arena)
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Working Papers
    Depositing User: Alyssa McDonald
    Official EU Document: No
    Language: English
    Date Deposited: 01 Nov 2019 11:05
    Number of Pages: 23
    Last Modified: 01 Nov 2019 11:05
    URI: http://aei.pitt.edu/id/eprint/87930

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