Islam, Shammunul and Hossain, Peerzadi Rumana and Braun, Melody and Amjath-Babu, T.S. and Mohammed, Essam Yassin and Krupnik, Timothy J. and Chowdhury, Anwar Hossain and Thomas, Mitchell and Mauerman, Max (2024) Economic valuation of climate induced losses to aquaculture for evaluating climate information services in Bangladesh. Climate Risk Management, 43. pp. 1-21. ISSN 2212-0963
Full text not available from this repository. (Request a copy)Abstract
Very little research has focused on climate impacts on aquaculture and the potential of climate information services (CIS) for aquaculture to support sustainable development goals 2030 (SDGs).1 This study represents an effort to bridge this gap by conducting a first ex-ante economic evaluation of CIS for aquaculture in Bangladesh by semi-automating the extraction of data on climate-induced fish losses during 2011 to 2021 from popular online newspaper articles and corroborating them with available government and satellite datasets. During this period, Bangladesh faced an estimated loss of around 140 million USD for hatcheries, open water fish and shrimp. When validated with a year of country-wide official data on climate-induced economic losses to aquaculture, the damage reported from these media sources is approximately 10 percent of actual losses. Given this rule of thumb, the potential economic value of aquacultural CIS could be up to USD14 million a year, if 10 percent of the damage can be offset by appropriate services through a range of multi-sector efforts to establish and extend these services to farmers at scale.
| Item Type: | Articles |
|---|---|
| Keywords: | Bangladesh, Climate Change, Aquaculture, Climate Information Services (CIS), Sustainable Development Goals (SDGs), Economy, Economic Impact, Data |
| Subjects: | Disasters and Climate Change |
| Depositing User: | Vivek D ICSF |
| Date Deposited: | 26 Feb 2024 04:17 |
| Last Modified: | 26 Feb 2024 04:17 |
| URI: | http://icsfarchives.net/id/eprint/20096 |
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