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Please use this identifier to cite or link to this item: http://hdl.handle.net/2262/57634

Title: Economic Costs of Ocean Acidification: A Look into the Impacts on Shellfish Production
Author: DAIJU, NARITA
REHDANZ, KATRIN
TOL, RICHARD S. J.
Author's Homepage: http://people.tcd.ie/tolr
Keywords: Climate Change
Ocean Acidification
Economic Impact
Mollusks
Economics
Issue Date: 15-Jun-2011
Publisher: ESRI
Citation: Daiju, Narita; Rehdanz, Katrin; Tol, Richard S. J., Economic Costs of Ocean Acidification: A Look into the Impacts on Shellfish Production, 2011
Series/Report no.: ESRI Working Paper;391
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.
Description: PUBLISHED
URI: http://hdl.handle.net/2262/57634
Appears in Collections:Economics (Scholarly Publications)

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