The Impact of Climate Change on Marine Recreational Fishing with Implications for the Social Cost of Carbon

We estimate the effects of temperature and precipitation on marine recreational fishing days over a 20 year time period. The data are from the National Survey of Fishing, Hunting and Wildlife-Associated Recreation. Our results suggest that temperature and precipitation have positive effects on marine recreational fishing days in the United States. To determine changes in economic value we simulate the effects of climate change on fishing days with changes in U.S. average temperature and precipitation developed from climate models. We use benefit transfer to estimate the value of fishing days. Considering a 4.5F temperature change and a 7% precipitation change, we find that marine recreational fishing days will increase by 27% and the welfare change is $2.5 billion. This suggests that impacts of climate change on marine recreational fishing could have implications for accurate estimation of the social cost of carbon.