Economic impact of climate change and climate change adaptation strategies for fisheries sector in Solomon Islands: Implication for food security

Fisheries resources play a major role in the national economy and to food security in Solomon Islands. Climate change is likely to have a substantial impact on fish production that can lead to a fragile food security condition in the country. This paper assesses the potential economic impact of thre...

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Autores principales: Dey, Madan M., Gosh, Kamal, Valmonte-Santos, Rowena, Rosegrant, Mark W., Chen, Oai Li
Formato: Journal Article
Lenguaje:Inglés
Publicado: Elsevier 2016
Materias:
Acceso en línea:https://hdl.handle.net/10568/147510
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author Dey, Madan M.
Gosh, Kamal
Valmonte-Santos, Rowena
Rosegrant, Mark W.
Chen, Oai Li
author_browse Chen, Oai Li
Dey, Madan M.
Gosh, Kamal
Rosegrant, Mark W.
Valmonte-Santos, Rowena
author_facet Dey, Madan M.
Gosh, Kamal
Valmonte-Santos, Rowena
Rosegrant, Mark W.
Chen, Oai Li
author_sort Dey, Madan M.
collection Repository of Agricultural Research Outputs (CGSpace)
description Fisheries resources play a major role in the national economy and to food security in Solomon Islands. Climate change is likely to have a substantial impact on fish production that can lead to a fragile food security condition in the country. This paper assesses the potential economic impact of three important climate change adaptation strategies – natural resource management (NRM), fish aggregating devices (FAD) and aquaculture – in Solomon Islands. The study used a country-specific partial equilibrium economic model with six fish sub-sectors and analyzed potential impact of alternate climate change adaptation strategies for 2035 and 2050. The modeling and scenario analyses show that total fish demand is likely to surpass domestic fish production in 2050. Without appropriate climate adaptation strategy, per capita consumption of domestically produced fish will decline, which has serious negative food security implications for the country. The economic (welfare) analysis conducted based on modeling results show that the national level net economic gains due to climate change adaptation strategies are substantial. If cost and topographic conditions permit, low-cost inshore FADs are expected to be a good mechanism for augmenting domestic supplies of tuna and similar species in Solomon Islands.
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spelling CGSpace1475102025-01-24T08:53:31Z Economic impact of climate change and climate change adaptation strategies for fisheries sector in Solomon Islands: Implication for food security Dey, Madan M. Gosh, Kamal Valmonte-Santos, Rowena Rosegrant, Mark W. Chen, Oai Li natural resources management aquaculture econometric models fisheries climate change Fisheries resources play a major role in the national economy and to food security in Solomon Islands. Climate change is likely to have a substantial impact on fish production that can lead to a fragile food security condition in the country. This paper assesses the potential economic impact of three important climate change adaptation strategies – natural resource management (NRM), fish aggregating devices (FAD) and aquaculture – in Solomon Islands. The study used a country-specific partial equilibrium economic model with six fish sub-sectors and analyzed potential impact of alternate climate change adaptation strategies for 2035 and 2050. The modeling and scenario analyses show that total fish demand is likely to surpass domestic fish production in 2050. Without appropriate climate adaptation strategy, per capita consumption of domestically produced fish will decline, which has serious negative food security implications for the country. The economic (welfare) analysis conducted based on modeling results show that the national level net economic gains due to climate change adaptation strategies are substantial. If cost and topographic conditions permit, low-cost inshore FADs are expected to be a good mechanism for augmenting domestic supplies of tuna and similar species in Solomon Islands. 2016-01-29 2024-06-21T09:22:58Z 2024-06-21T09:22:58Z Journal Article https://hdl.handle.net/10568/147510 en Open Access Elsevier Dey, Madan M.; Gosh, Kamal; Valmonte-Santos, Rowena; Rosegrant, Mark W.; and Chen, Oai Li. 2016. Economic impact of climate change and climate change adaptation strategies for fisheries sector in Solomon Islands: Implication for food security. Marine Policy 67(2016): 171 - 178. https://doi.org/10.1016/j.marpol.2016.01.004
spellingShingle natural resources management
aquaculture
econometric models
fisheries
climate change
Dey, Madan M.
Gosh, Kamal
Valmonte-Santos, Rowena
Rosegrant, Mark W.
Chen, Oai Li
Economic impact of climate change and climate change adaptation strategies for fisheries sector in Solomon Islands: Implication for food security
title Economic impact of climate change and climate change adaptation strategies for fisheries sector in Solomon Islands: Implication for food security
title_full Economic impact of climate change and climate change adaptation strategies for fisheries sector in Solomon Islands: Implication for food security
title_fullStr Economic impact of climate change and climate change adaptation strategies for fisheries sector in Solomon Islands: Implication for food security
title_full_unstemmed Economic impact of climate change and climate change adaptation strategies for fisheries sector in Solomon Islands: Implication for food security
title_short Economic impact of climate change and climate change adaptation strategies for fisheries sector in Solomon Islands: Implication for food security
title_sort economic impact of climate change and climate change adaptation strategies for fisheries sector in solomon islands implication for food security
topic natural resources management
aquaculture
econometric models
fisheries
climate change
url https://hdl.handle.net/10568/147510
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