Economic Impacts of Ocean Acidification: A Meta-Analysis

Abstract

This paper presents a comprehensive review and synthesis of studies that forecast economic impacts of ocean acidification. The changes in seawater chemistry resulting from increased carbon dioxide emissions, known as ocean acidification, will have detrimental impacts to marine ecosystem services. Those services include wild capture fisheries, aquaculture, recreation, shoreline protection, and others. The current literature valuing expected impacts to those services is rather thin and tends to focus on mollusk harvesting and aquaculture. Despite the paucity of studies, we divide all relevant estimates into five additively separable economic sectors to provide an aggregate estimate of economic damage from ocean acidification at the end of this century. We perform nonparametric bootstrap simulations to characterize the distribution of estimates within each sector and the aggregation across sectors. We also perform meta-regressions to explore whether estimates provided by these studies are generally consistent with expectations based on ocean chemistry and economic theory.