The challenges of extending climate risk insurance to fisheries

Sainsbury, Nigel C.; Turner, Rachel; Townhill, Bryony; Mangi, Stephen C.; Pinnegar, John K.

doi:10.1038/s41558-019-0645-z

Cited by 11 publications

(3 citation statements)

References 9 publications

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“…The findings highlight the importance of understanding people's perspectives and concerns to ensure that wider adaptation efforts are compatible with these. For example, new parametric fisheries insurance initiatives recently launched in the Caribbean could help to protect and recover assets and enhance flexibility (CCRIF SPC 2019; Sainsbury et al 2019). However, the negative perceptions of record-keeping and insurance first need to be overcome in order to ensure that the potential benefits reach all vulnerable groups.…”

Section: Discussionmentioning

confidence: 99%

Climate Change Adaptation and Extreme Weather in the Small-Scale Fisheries of Dominica

Turner

McConney

Monnereau³

2020

Coastal Management

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Globally, changes in the intensity, severity and frequency of storms threaten potentially catastrophic impacts on fisheries. These threats present a significant challenge to Small Island Developing States because of the important contribution of fisheries to multiple aspects of coastal communities' wellbeing, including food security, coastal economies, and social and cultural identities. Supporting the adaptive response of fisheries to storm events is therefore a priority, yet efforts to enhance adaptive capacity are limited by knowledge gaps relating to fishing communities' needs and behavior. Tropical Storm Erika (2015) and Hurricane Maria (2017) were the most destructive disasters in Dominica since Hurricane David in 1979. We present findings of a scoping visit to Dominica which examined the impacts of these extreme weather events in coastal communities. Using a framework outlining five key domains of adaptive capacity we identify insights related to the diverse experiences of fishing communities, and the individual, household and institutional capacities that have implications for resilience to future shocks. Understanding the experience of Dominica can inform the development of targeted adaptive capacity-building strategies nationally and in other contexts.

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Section: Discussionmentioning

confidence: 99%

Climate Change Adaptation and Extreme Weather in the Small-Scale Fisheries of Dominica

Turner

McConney

Monnereau³

2020

Coastal Management

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“…They may offer little protection to human and social capital. Insurance schemes thus far have only been taken up by large-scale farming operations, through fisheries insurance schemes 51 Although climate derivatives approaches, which are currently expanding in aquaculture 52 , have the potential to increase the resilience of aquatic food systems to extreme weather events, it is critical that these schemes avoid perpetuating inequalities by favouring larger enterprises to the detriment of poorer or marginalized actors 51 . Investments in environmental protection and restoration, done collaboratively with actor buy-in and understanding of the full dimensions in which they operate, can deliver significant win-wins.…”

Section: Discussionmentioning

confidence: 99%

Harnessing the diversity of small-scale actors is key to the future of aquatic food systems

et al. 2021

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Small-scale fisheries and aquaculture (SSFA) provide livelihoods for over 100 million people and sustenance for ~1 billion people, particularly in the Global South. Aquatic foods are distributed through diverse supply chains, with the potential to be highly adaptable to stresses and shocks, but face a growing range of threats and adaptive challenges. Contemporary governance assumes homogeneity in SSFA despite the diverse nature of this sector. Here we use SSFA actor profiles to capture the key dimensions and dynamism of SSFA diversity, reviewing contemporary threats and exploring opportunities for the SSFA sector. The heuristic framework can inform adaptive governance actions supporting the diversity and vital roles of SSFA in food systems, and in the health and livelihoods of nutritionally vulnerable people-supporting their viability through appropriate policies whilst fostering equitable and sustainable food systems.

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“…If index‐based, such programs could provide immediate payouts following an environmental trigger. As with the Caribbean Oceans and Aquaculture Sustainability Facility fisheries insurance, in which policy‐holding nations only receive insurance payouts triggered by storms if they invest in best practices in fisheries management, insurance programs may even be designed to incentivize the adoption of climate‐resilient management and/or fleet behavior (Sainsbury et al, 2019). Because adaptive capacity depends on social and demographic factors that are heterogeneous across West Coast fishing communities (Koehn et al, 2022), the success of the suggested strategies will be context dependent.…”

Section: Lessons Learnedmentioning

confidence: 99%

Impact of the 2014–2016 marine heatwave on US and Canada West Coast fisheries: Surprises and lessons from key case studies

et al. 2023

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Marine heatwaves are increasingly affecting marine ecosystems, with cascading impacts on coastal economies, communities, and food systems. Studies of heatwaves provide crucial insights into potential ecosystem shifts under future climate change and put fisheries social-ecological systems through "stress tests" that expose both vulnerabilities and resilience. The 2014-16 Northeast Pacific heatwave was the strongest and longest marine heatwave on record and resulted in profound ecological changes that impacted fisheries, fisheries management, and human livelihoods. Here, we synthesize the impacts of the 2014-2016 marine heatwave on US and Canada West Coast fisheries and extract key lessons for preparing global fisheries science, management, and industries for the future. We set the stage with a brief review of the impacts of the heatwave on marine ecosystems and the first systematic analysis of the economic | 653 FREE et al. 1. INTRODUCTION 2. THE 2014-2016 MARINE HEATWAVE 3. SOCIOECONOMIC IMPACTS OF THE HEATWAVE ON FISHERIES 4. CASE STUDIES 4.1. Pacific cod 4.2. Kelp, urchin, abalone 4.3. Chinook salmon 4.4. Dungeness crab 4.5. Pacific sardine and northern anchovy 4.6. Pacific bluefin tuna 4.7. California market squid 4.8. Shrimp species 4.9. Bocaccio rockfish 4.10. Shortbelly rockfish 5. LESSONS LEARNED 5.1. Lessons for improving monitoring 5.2. Lessons for improving management 5.3. Lessons for improving adaptive capacity of fishing communities 5.4. Lessons for and from other regions 6. CONCLUSIONS

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The challenges of extending climate risk insurance to fisheries

Cited by 11 publications

References 9 publications

Climate Change Adaptation and Extreme Weather in the Small-Scale Fisheries of Dominica

Climate Change Adaptation and Extreme Weather in the Small-Scale Fisheries of Dominica

Harnessing the diversity of small-scale actors is key to the future of aquatic food systems

Impact of the 2014–2016 marine heatwave on US and Canada West Coast fisheries: Surprises and lessons from key case studies

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