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Vargas A, Restrepo S, Diaz D. The portfolio effect in a small-scale fishery reduces catch and fishing income variability in a highly dynamic ecosystem. PLoS One 2022; 17:e0271172. [PMID: 35930546 PMCID: PMC9355173 DOI: 10.1371/journal.pone.0271172] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [MESH Headings] [Grants] [Track Full Text] [Download PDF] [Figures] [Journal Information] [Subscribe] [Scholar Register] [Received: 01/23/2022] [Accepted: 06/23/2022] [Indexed: 11/26/2022] Open
Abstract
It is an increasingly accepted idea that biological diversity stabilizes ecosystem processes and the services they provide to society. By reducing biomass fluctuation, biodiversity could mitigate the impact of changing environmental conditions on rural incomes as long as people exploits a diverse set of natural assets. This effect is analogous to the risk-spreading function of financial portfolios. This paper presents evidence of the portfolio effect for an open-access artisanal fishery in an estuarine ecosystem, located in a Colombian Biosphere Reserve. Using catch statistics from 2002 to 2018, we evaluate the contribution of catch diversity to the stabilization of fishing income. We find that changes in catch composition are related to seasonal and interannual variations in salinity conditions. The portfolio effect arises from asynchronous fluctuations of fish species due to fluctuating environmental conditions. Catch diversification, instead of specialization, help achieve resilient fisheries.
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Affiliation(s)
- Andrés Vargas
- Department of Economics, Universidad del Norte, Barranquilla, Atlántico, Colombia
| | - Sebastián Restrepo
- Departamento de Desarrollo Rural y Regional, Pontificia Universidad Javeriana, Bogotá, Colombia
| | - David Diaz
- Department of Economics, Universidad del Norte, Barranquilla, Atlántico, Colombia
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Touza J, Lacambra C, Kiss A, Amboage RM, Sierra P, Solan M, Godbold JA, Spencer T, White PCL. Coping and Adaptation in Response to Environmental and Climatic Stressors in Caribbean Coastal Communities. ENVIRONMENTAL MANAGEMENT 2021; 68:505-521. [PMID: 34327556 PMCID: PMC8416820 DOI: 10.1007/s00267-021-01500-y] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [Abstract] [Key Words] [MESH Headings] [Track Full Text] [Figures] [Subscribe] [Scholar Register] [Received: 09/25/2019] [Accepted: 07/01/2021] [Indexed: 06/13/2023]
Abstract
Cumulative and synergistic impacts from environmental pressures, particularly in low-lying tropical coastal regions, present challenges for the governance of ecosystems, which provide natural resource-based livelihoods for communities. Here, we seek to understand the relationship between responses to the impacts of El Niño and La Niña events and the vulnerability of mangrove-dependent communities in the Caribbean region of Colombia. Using two case study sites, we show how communities are impacted by, and undertake reactive short-term responses to, El Niño and La Niña events, and how such responses can affect their adaptive capacity to progressive environmental deterioration. We show that certain coping measures to climate variability currently deliver maladaptive outcomes, resulting in circumstances that could contribute to system 'lock-in' and engender undesirable ecological states, exacerbating future livelihood vulnerabilities. We highlight the significant role of social barriers on vulnerabilities within the region, including perceptions of state abandonment, mistrust and conflicts with authorities. Opportunities to reduce vulnerability include enhancing the communities' capacity to adopt more positive and preventative responses based on demonstrable experiential learning capacity. However, these will require close cooperation between formal and informal organisations at different levels, and the development of shared coherent adaptation strategies to manage the complexity of multiple interacting environmental and climatic pressures.
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Affiliation(s)
- Julia Touza
- Department of Environment and Geography, University of York, Wentworth Way, York, YO10 5NG, UK.
- York Environmental Sustainability Institute, University of York, York, YO10 5NG, UK.
| | - Carmen Lacambra
- Grupo Laera, Avenida Carrera 9, No. 113-52 Oficina 1901, PBX 4863358, Bogotá, Colombia
| | - Alexandra Kiss
- Department of Environment and Geography, University of York, Wentworth Way, York, YO10 5NG, UK
| | - Rosa Mato Amboage
- Department of Environment and Geography, University of York, Wentworth Way, York, YO10 5NG, UK
| | - Paula Sierra
- Instituto de Investigaciones Marinas y Costeras (INVEMAR), Calle 25, n° 2-25, Playa Salguero, Santa Marta, Colombia
| | - Martin Solan
- Ocean and Earth Science, National Oceanography Centre Southampton, University of Southampton, Waterfront Campus, European Way, Southampton, SO14 3ZH, UK
| | - Jasmin A Godbold
- Ocean and Earth Science, National Oceanography Centre Southampton, University of Southampton, Waterfront Campus, European Way, Southampton, SO14 3ZH, UK
- School of Biological Sciences, University of Southampton, Highfield Campus, Southampton, SO17 1BJ, UK
| | - Thomas Spencer
- Cambridge Coastal Research Unit, Department of Geography, University of Cambridge, Cambridge, CB2 3EN, UK
| | - Piran C L White
- Department of Environment and Geography, University of York, Wentworth Way, York, YO10 5NG, UK
- Interdisciplinary Global Development Centre, University of York, York, YO10 5DD, UK
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