Climate Risks Threaten Tasmania's $1.36 Billion Salmon Industry
What happened
A report released by the University of Technology Sydney analyzed climate risks to Australia's salmon industry. It found that over 90 per cent of Australia's farmed Atlantic salmon is produced in Tasmanian waters. The study warned that warming seas are causing mass mortality events by reducing oxygen levels and increasing disease outbreaks.
Why it matters
The industry, which was worth more than $1.36 billion in 2022-23, faces an existential threat from global warming. The report noted that one major Tasmanian salmon firm could risk $23.7 million in revenue from just 1C of ocean warming due to increasing fish deaths.
Who's involved
- TasmaniaThe state where the majority of Australia's salmon industry is concentrated
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- TasmaniaSpeculative
Salmon farming operations in Tasmania could face reduced revenue and increased costs due to rising ocean temperatures and fish deaths.