Climate change and fisheriesFisheries are affected by climate change in many ways: marine aquatic ecosystems are being affected by rising ocean temperatures, ocean acidification and ocean deoxygenation, while freshwater ecosystems are being impacted by changes in water temperature, water flow, and fish habitat loss. These effects vary in the context of each fishery. Climate change is modifying fish distributions and the productivity of marine and freshwater species. Climate change is expected to lead to significant changes in the availability and trade of fish products.
Effects of climate change on oceansThere are many effects of climate change on oceans. One of the main ones is an increase inocean temperatures. More frequent marine heatwaves are linked to this. The rising temperature contributes to a rise in sea levels. Other effects include ocean acidification, sea ice decline, increased ocean stratification and reductions in oxygen levels. Changes to ocean currents including a weakening of the Atlantic meridional overturning circulation are another important effect. All these changes have knock-on effects which disturb marine ecosystems.
1973 oil crisisIn October 1973, the members of the Organization of Arab Petroleum Exporting Countries (OAPEC), led by King Faisal of Saudi Arabia, proclaimed an oil embargo targeted at nations that had supported Israel during the Yom Kippur War. The initial nations targeted were Canada, Japan, the Netherlands, the United Kingdom and the United States, though the embargo also later extended to Portugal, Rhodesia and South Africa. By the end of the embargo in March 1974, the price of oil had risen nearly 300%, from US to nearly globally; US prices were significantly higher.
Effects of climate change on small island countriesThe effect of climate change on small island countries can be extreme because of low-lying coasts, relatively small land masses, and exposure to extreme weather. The effects of climate change, particularly sea level rise and increasingly intense tropical cyclones, threaten the existence of many island countries, island peoples and their cultures, and will alter their ecosystems and natural environments. Several Small Island Developing States (SIDS) are among the most vulnerable nations to climate change.
Oil depletionOil depletion is the decline in oil production of a well, oil field, or geographic area. The Hubbert peak theory makes predictions of production rates based on prior discovery rates and anticipated production rates. Hubbert curves predict that the production curves of non-renewing resources approximate a bell curve. Thus, according to this theory, when the peak of production is passed, production rates enter an irreversible decline.
General equilibrium theoryIn economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium. General equilibrium theory contrasts with the theory of partial equilibrium, which analyzes a specific part of an economy while its other factors are held constant.
Climate change adaptationClimate change adaptation is the process of adjusting to the effects of climate change. These can be both current or expected impacts. Adaptation aims to moderate or avoid harm for people. It also aims to exploit opportunities. Humans may also intervene to help adjustment for natural systems. There are many adaptation strategies or options.They can help manage impacts and risks to people and nature. We can classify adaptation actions in four ways. These are infrastructural and technological; institutional; behavioural and cultural; and nature-based options.
Climate communicationClimate communication or climate change communication is a field of environmental communication and science communication focused on the causes, nature and effects of anthropogenic climate change. Research in the field emerged in the 1990s and has since grown and diversified to include studies concerning the media, conceptual framing, and public engagement and response. Since the late 2000s, a growing number of studies have been conducted in developing countries and have been focused on climate communication with marginalized populations.
Computable general equilibriumComputable general equilibrium (CGE) models are a class of economic models that use actual economic data to estimate how an economy might react to changes in policy, technology or other external factors. CGE models are also referred to as AGE (applied general equilibrium) models. A CGE model consists of equations describing model variables and a database (usually very detailed) consistent with these model equations. The equations tend to be neoclassical in spirit, often assuming cost-minimizing behaviour by producers, average-cost pricing, and household demands based on optimizing behaviour.
Dynamic stochastic general equilibriumDynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a macroeconomic method which is often employed by monetary and fiscal authorities for policy analysis, explaining historical time-series data, as well as future forecasting purposes. DSGE econometric modelling applies general equilibrium theory and microeconomic principles in a tractable manner to postulate economic phenomena, such as economic growth and business cycles, as well as policy effects and market shocks.
