Man-made disasters: Economics of Ecosystems View(s):Sri Lankans, more than two-three decades ago, didn’t hear a lot about disasters from floods and even earth-slips as we do today. Thatched roof and a tiled roofBefore I move on to my usual subject area – economics, let me elaborate the “man-made” problem. All water streams originate from the central hills and form bigger streams and rivers flowing to the ocean all around the country. This means that Sri Lanka has a high concentration of diverse species with a significant loss of original habitat. Paying for ecosystems servicesA new economic approach to the management of natural assets is termed as payment for ecosystem services (PES).

Source: Sunday Times June 02, 2018 20:10 UTC