Species-level responses to ocean warming is a priority research area as they underpin the structure and function of marine ecosystems and the productivity of fisheries that operate within them.
There are a number of range extending species that have become increasingly abundant in Tasmanian waters, providing new fishing opportunities for recreational and, to a lesser extent, commercial fishers. Species in this group include Pink Snapper, King George Whiting and Yellowtail Kingfish. While King George Whiting are known to spawn off the north coast it is unclear as to whether the other species have or are likely to become established as self-sustaining populations in Tasmanian waters or simply persist as spill-over from populations that are centered off mainland Australia. If the former is the case, it will be especially important to consider population attributes such as growth, mortality and reproductive dynamics relevant to the Tasmanian populations when developing and refining management arrangements to maximise the opportunities these 'new' species bring.

In addition, the broader ecosystem impacts of such range extending species, including competition with resident species at similar trophic levels, are unknown but could have consequences for other recreationally and commercially important species. Understanding these relationships will have benefits for the assessment and management of the Tasmanian recreational fishery more generally.

The Australian seafood industry aspires to continue improving its sustainability in many areas, including reducing its carbon emissions and ultimately achieving carbon neutrality. The 2017 National Seafood Industry Leaders called for the industry to strive to become carbon neutral by 2030. There are many aspects to this, such as improving fuel efficiency and evaluating land transport options, but some emissions are inevitable. To offset these emissions, the seafood industry might choose to investigate carbon markets. Investments in blue carbon could also provide added value to the industry, say, through better fish nurseries, or through the social benefits of being seen to proactively nurture the ecosystems that support them. However, the mechanisms to allow the seafood industry to pursue this are poorly developed. Impediments include the paucity of blue carbon opportunities in existing regulatory markets, and uncertainty about the most appropriate financial mechanisms for blue carbon investment.

The industry would benefit from a clear guide that outlines the current (and likely future) opportunities, the risks, a realistic assessment of the benefits, and a set of options for potential investors to pursue. To facilitate this, we will hold a meeting of key seafood industry stakeholders: at this workshop we will inform stakeholders about the current state of knowledge and opportunities, ask the extent to which the industry aspires to be carbon neutral, and whether blue carbon investments are perceived to be relevant. We will identify the major impediments to the industry achieving its desired goals, and plan concrete actions that can be taken to achieve them. These will be compiled into a plan to inform the FRDC on what actions to invest in, and how much investment would be needed.