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The National Environment Act 2019 requires no net loss (but preferably a net gain) as a goal for biodiversity offsets and biodiversity conservation in the country. [49] Before these legal requirements were introduced, a no net loss goal had been used by the World Bank as a lending requirement to fund a dam at Bujagali Falls in 2007. [50]
The definition also states that the goal of biodiversity offsets is to achieve no net loss of biodiversity, or ideally, a net gain. [6] No net loss (NNL) is an environmental policy approach, defined as a goal for development projects/activities and policies where impacts on biodiversity are either counterbalanced or outweighed by measures to ...
The Loris, found only in Sri Lanka and South India, is related to the Lemurs of Madagascar. The connection to India led to a commonality of species, e.g. freshwater fish, the now extinct Sri Lankan Gaur (Bibos sinhaleyus) and the Sri Lankan Lion (Panthera leo sinhaleyus). [5] The island was connected, off and on at least 17 times in the past ...
Biodiversity banks and the credits that are generated from them rely on regulations and legal frameworks. When establishing a biodiversity bank, a legal arrangement, such as a conservation easement (also known as a conservation covenant) might be required to set aside the land for conservation and prevent the use of the land for development, either in perpetuity or for a specified time period ...
A Biodiversity Impact Credit (BIC) is a transferable biodiversity credit designed to reduce global species extinction risk. The underlying BIC metric, developed by academics working at Queen Mary University of London and Bar-Ilan University, is given by a simple formula that quantifies the positive and negative effects that interventions in nature have on the mean long-term survival ...
Green GDP monetizes the loss of biodiversity, and accounts for costs caused by climate change. Some environmental experts prefer physical indicators (such as "waste per capita" or "carbon dioxide emissions per year"), which may be aggregated to indices such as the "Sustainable Development Index".
The failure to halt terrestrial biodiversity loss between 2000 and 2010 was estimated to cost the global economy $500 billion. [55] Continued biodiversity loss and environmental degradation poses a long-term risk to society and the economy, such as by increasing the risk of pandemics, floods, and droughts. [65]
Sri Lanka is known to be home to 794 species of Hemipterans. Detailed work of Sri Lankan hemipterans are recorded in the book Catalogue of Hemiptera of Sri Lanka. Sri Lanka comprises 74 species in 46 genera and 6 families of aphids within the order Hemiptera. 2 endemic aphid species are found on Sri Lanka