Abstract
Climate-driven shifts in fish stocks, featuring many species across management boundaries, challenge fisheries sustainability. We examine the risk of regional stock extinction due to loss-driven overharvest in the face of climate change. We find critical thresholds for stock levels that, if crossed, can lead to depletion of fish resources within exclusive economic zones. We explore the sensitivity of the threshold to both biological and economic factors, revealing the tension between current management schemes and the shifting incentives induced by climate-driven stock movements. We further investigate the role of direct financial transfer (side payments) as a potential strategy to support conservation efforts under climate change. Loss-induced overfishing poses a substantial threat to global fisheries, especially in the tropical regions. Our findings underline the urgent need for adaptive management strategies to mitigate these risks.
Zhenxuan Wang
Assistant Professor
My research interests lie at the intersection of environmental and energy economics, climate policy, development economics, and public economics.