New Zealand: New risk modeling can help Aotearoa's pāua industry adapt to climate change

Published 2024년 1월 19일

Tridge summary

The pāua industry is facing challenges due to environmental stressors and climate change impacts, which are affecting the health of pāua populations and their ecosystems. In response, a new risk modeling tool called "PAU2 climate related risk" has been developed by a team of experts to help those with financial interests in pāua quota to model scenarios and understand the financial trajectories of climate-associated risks. The tool is essential for informing better decision-making in the pāua industry and to meet the expectations of global investors regarding sustainability strategies and clear ESG reporting.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The pāua industry is facing a range of challenges, as business and finance grapple with how to support the ecological role of this taonga species in our marine environment and protect one of our most valuable export commodities.Warming seas, ocean acidification, increased sedimentation and also extreme weather events are all stressors impacting the health of pāua populations, their ecosystems, and the ability to harvest them.To uphold the value of our commercial quota, pāua fisheries must become more resilient to the environmental changes.New research from Sustainable Seas National Science Challenge has brought together science, business, policy and finance experts from NIWA, ANZ, the Pāua Industry Council and blue economy consultancy, Terra Moana Ltd.Together, they have developed new risk modeling that's created an innovative "PAU2 climate related risk" bioeconomic model. The model is a tool for people who have financial interests in a pāua quota (e.g., quota owners, investors ...

Source: Phys