By 2050, there will be a 50-million-metric-ton supply deficit unless an additional USD 55 billion (EUR 51 billion) is invested in technology, according to Planet Tracker.
The London, U.K.-based nonprofit, which provides analytics on the role capital markets play in environmental degradation, released its “Avoiding Aquafailure” report on 11 May.
“Aquafailure is the inability of aquaculture to produce enough seafood – sustainably or otherwise – to meet demand. Our report … shows that without significant changes to current practices, the aquaculture and fishing industry will not only fail to meet demand for their products by nearly 50 million MT by 2050 but [also] drive significant environmental harm in the process,” Planet Tracker Head of Oceans Program François Mosnier said. “This will have wide-ranging ramifications, contributing to worldwide food insecurity and destabilizing the market.”
Pressure is rising on aquaculture to fill the growing need for healthy animal protein production. With USD 30 billion (EUR 28 billion) in...
