El Nino has set in, according to the European weather agency, with Pacific Ocean temperatures crossing the 0.5°C threshold, likely to impact global weather and the Indian monsoon.
Kiribati derives over 70% of government revenue from selling tuna fishing licenses to foreign fleets, the highest proportion of any nation. The country's EEZ of 3.4 million sq km generates $137m annually, but climate change threatens to push tuna eastward to cooler waters, potentially costing more than $10m per year by 2050 under high emission scenarios.
