Pāua fisheries are increasingly at risk from environmental change. Neither fisheries management, fishing sectors (commercial, customary, or recreational), nor seafood business investors and lenders, systematically account for any ‘value change’ related to environmental change - either as risks or opportunities.
To uphold long-term pāua fishery values, the value of commercial pāua quota, and the ecological role that pāua play in the marine environment, pāua fisheries must be supported to be more resilient to environmental change.
Undertaken with our project partners Terra Moana, ANZ and the Pāua Industry Council, the Upholding the value of pāua quota project has been exploring what pāua fishery investors need to know to have the confidence to invest; and the relationship between risk, quota valuation and management responses.
The project considered risks to pāua populations and growth, and to the coastal infrastructure essential for accessing the fishery and underlying pāua catch, leading to the development of a financial scenario model. Informed by the structure of the fishery stock assessment model, this new model enables various climate change risk scenarios to be run to indicate potential financial value change into the future.
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