Global Warming and Fish Migrations

Ocean temperatures are expected to rise over the next decades. This is likely to affect the distribution of fish stocks between the exclusive economic zones (EEZs) of different countries. Such changes are likely to be triggered as temperatures rise beyond certain threshold levels, and they are likely to be irregular, because temperatures are likely to vary around a rising trend. The paper looks at the case where temperature changes would displace a fish stock out of the EEZ of one country and into the EEZ of another, with a transition period in which the stock is shared. It is examined how this might affect the risk of extinction and degree of overfishing, under different cost scenarios and different assumptions about how countries react to observed changes in the distribution of the stock between their economic zones.