it all boils down to implementation, mariculture projects need to have rigorously monitored environmental and even social safeguards to insure minimal footprints. It is a compromise but one critical factor is the environmental responsibility of the mariculture company and this also applies to livestock farming.
This question has to do with culture, trade, and how the people perceive both activities. It is a culture thing due to the fact that rearing of livestock or involvement in mariculture is a way of life to them, so it will be difficult to put one trade over the others and it is also a trade to the people, and this is where economics come into it. Some lovers of seafoods will tell you that mariculture is better than livestock farming due to high protein, small land requirement, low carbon footprint, low greenhouse gas and low environmental impacts. While these might be all valid reasons, what about land (environmental) poisoning due to high nutrients build up? What about converting livestock waste (if well harnessed) to organic manure to boost agricultural productivity, use to generate biogas (methane) for electricity generation, heating of a facility, etc. So, for me, I think these two ventures are good and can bring more economics benefits if the project is well concepted and implemented in a sustainable way. I think the benefits are more than the disadvantages.
Comparing aquaculture and livestock farming from the standpoint of greenhouse gas emissions and economics can consider the following advantages and disadvantages:
Greenhouse gas emissions:
Aquaculture: Aquaculture has the potential to produce lower greenhouse gas emissions than terrestrial farming. However, using marine fish feed and hunted wild animals to feed farmed fish can put pressure on the biosphere and increase CO₂ emissions due to food production technology.
Livestock: Indoor livestock farming can produce higher amounts of methane than aquaculture, especially during the animals' food metabolism. Additionally, livestock farming also involves fertilizing and cultivating the land, which can produce higher amounts of nitrogen oxide.
Economy:
Aquaculture: In some cases, seafood production costs can be lower than terrestrial farming, however, the requirement for higher initial investment and technical knowledge can increase risks. Aquaculture can also bring significant socio-economic benefits to coastal communities.
Livestock: Production costs in terrestrial livestock can range widely, depending on the type of animal, scale of production, and management. Some modern livestock systems can be integrated with other agricultural activities, creating parallel economic benefits.
In summary, aquaculture can provide benefits in terms of lower greenhouse gas emissions, but factors such as feed utilization and environmental management need to be considered. Economically, both systems can be beneficial, but factors such as initial investment, technical knowledge, and associated socio-economic benefits need to be considered.