Valuation of Marine Resources
Valuation - Links from Dr. Prasanthi
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1.1 Reports
1.1.2 Valuation of Ecosystem Services of the Maha Oya
Summary
The Maha Oya is one of Sri Lanka’s major rivers, and flows into the western coast of the country. It has been a source of sand, clay and water for many decades. However, over recent years, clay and sand mining have increased, to meet the rapidly growing construction demands of the country. These mining activities, carried out both legally and illegally, have led to the degradation of the Maha Oya and its associated ecosystems, impacting ecosystem services and affecting both on-site and off-site human populations. This study aimed to estimate the value of key ecosystem services generated by the Maha Oya, so as to present the economic rationale and justification for ecosystem conservation and restoration in order to safeguard its hydrological, ecological and socio-economic benefits. Valuation techniques used in the study included market prices, effect on production, replacement costs, damage costs, mitigative and avertive costs. Data was gathered by means of field surveys, and from a review of relevant literature. The study was carried out by Environmental Foundation, and funded by the Mangroves for the Future initiative.