Green Economy and Sustainability

Healing the Ozone Layer: The Need for a National Cooling Policy (NCP) for Sri Lanka

The ozone layer is located in the lower stratosphere at a height of 15 to 30 kilometres above the earth, protecting it against the sun’s harmful ultraviolet (UV-B) radiation. It is like a blanket that protects the planet; a reduction in ozone concentration increases solar radiation damaging plants, animals, and human beings. Human-induced depletion of the ozone layer due to excessive emissions of ozone-depleting substances (ODS) which are primarily used in the cooling sector is a major global environmental concern. This blog discusses the importance of a National Cooling Policy (NCP) for Sri Lanka as a part of IPS’ ongoing research, to phase out ODS to prevent ozone depletion and mitigate global warming.

Righting the Ship: The X-Press Pearl Disaster and the Imperative for Regional Maritime Cooperation

On 20 May 2021, Sri Lanka’s worst-ever marine disaster occurred when a fire erupted on the Singapore-registered MV X-Press Pearl container ship just 18 km Northwest of Colombo. While the long-term cost is yet to be determined, the negative impact on industries such as fisheries and tourism, and people who rely on the coastal resources of Sri Lanka is already apparent. This article examines the key consequences of this disaster on Sri Lanka’s coastal economy and highlights the need to enhance regional maritime cooperation to prevent the recurrence of such disasters.

Palm Oil Ban in Sri Lanka: Is it Sustainable?

Sri Lanka’s edible oil market has garnered considerable attention in recent weeks due to a series of events including the banning of palm oil imports in a bid to promote the local coconut industry and the detection of aflatoxins in imported coconut oil. The edible oil industry is important for Sri Lanka with oils and fats being a major constituent of the typical Sri Lankan diet and a raw material in manufacturing, the food manufacturing industry in particular. According to the latest available data, there are around 5,057 establishments employing 332,828 workers in the formal food manufacturing sector which generate an annual output of approximately LKR 1.4 billion. This blog assesses the local edible oil market and its potential for import substitution.

Forest Restoration: Where Does Sri Lanka Stand?

This year, the International Day of Forests is marked under the apt theme “Forest restoration: a path to recovery and well-being”.  Forest restoration is one of the priority areas for mitigating the effects of climate change. Restoration and sustainable management of forests will help absorb atmospheric pollutants, re-build natural habitats and sustain life on earth.
This blog discusses Sri Lanka’s declining forest cover and offers suggestions on how the drivers of deforestation can be countered.

Human-Elephant Conflict: Can Insurance Help Affected Communities?

In 2019, Sri Lanka recorded the highest reported elephant deaths and second highest number of human deaths in the world due to the human-elephant conflict (HEC). Each year, the reported number of crop losses, property damage, and human and elephant deaths continue to be considerably high. These numbers could be even higher due unreported cases. Regardless of the immediate causes of individual incidents, the growing competition between humans and elephants for living space is the main underlying reason for many such incidents. This blog looks at how insurance could help affected communities.

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