Researchers have uncovered new evidence linking global warming to the migration of fish and other natural resources to the poles reported in New Day Post. These effects are also shifting wealth distribution as certain nations are left at a disadvantage. The study was originally reported in the journal Nature Climate Change. Analysts predict that investment will follow the new redistribution of resources, particularly in emerging countries.
However, analysts advise that government officials should be more keen to the inherent financial impact than just the scientific repercussions. In other words, policies shouldn’t be designed around the shift of fish populations from one region to another but should consider “inclusive wealth” as a pivotal point.
Researchers reinforced that their studies would help trace the effects of climate change on local and global sustainability. “Naural capital” shifts relocating to the extreme poles because of natural forces intrinsically creates new pricing models inclusive of social variables, which should take precedence, not the biophysical manifestations.
“People are mostly focused on the physical reallocation of these assets, but I don’t think we’ve really started thinking enough about how climate change can reallocate wealth and influence the prices of those assets,” said lead author Eli Fenichel of the Yale School of Forestry and Environmental Studies in a press statement. “We don’t know how this will unfold, but we do know there will be price effects. It’s just Economics 101—prices reflect quantity and scarcity and natural capital is hard for people to move … It’s as inevitable as the movement of these fish species.”
Although fish were the focal point, Fenichel reinforces that natural resources include plants, trees, and other naturally occurring elements. But he also adds that the wealth gains produced in those respective countries are disproportionate to those countries losing wealth.“The losers are losing much more than the gainers are gaining,” he added. “And when that happens, it’s not an efficient reallocation of wealth.”