Value of Sri Lanka’s forest bio-diversity to be added to national revenue

May 21, Colombo: The Environment Ministry of Sri Lanka has said the value of the country’s forest bio-diversity estimated at 4.5 trillion rupees would be included into the national revenue in future.

The Ministry has stated that the carbon stabilization process by forests in Sri Lanka, which is estimated at over 1.582 trillion rupees as well as the soil preservation service, valued at 3.0 trillion rupees, would be added to the national revenue as goods and services generated through forests.

Environment Minister Anura Priyadharshana Yapa has reportedly initiated the process to commemorate the International Day for Biological Diversity that falls on Sunday (22).

While the country’s forest coverage has seen a sharp decline over the year, the current forest cover stands around two million acres.

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