Can we afford to adapt? The case of aquaculture in Vietnam
Source: CCAFS Blog
Catfish farmers in Vietnam’s Mekong River Delta are barely scraping by. They operate on the tightest of profit margins – 3% to 5% in a good year – and deal with a highly volatile, boom-and-bust export market. For an industry that’s already on the brink, could the addition of negative climate change impacts push it over the edge?
Researchers at WorldFish, as part of the project “Investigating the vulnerability of and economics of adapting aquaculture in Vietnam to climate change”, partly funded by the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS), have attempted to calculate the costs of adaptation to these impacts, a first for fisheries and aquaculture at the national level.