Abstract:
Sri Lanka the former Ceylon has now returned back to its peaceful phase
after quite a long period of civil war which had slowed down the growth of the nation
and since the beginning of the post war era the government has taken initiatives for
nation's development. As the world resources are getting depleted and the human wants
are growing unlimited, it has become a need for every nation to use its resources
efficiently. And sir Lanka has sharply recognized this need and is on its track now.
The present paper attempts to reveal an overview on the topic ' Post war
economic development1 focusing on the area of sustainability developments - Sri
Lanka has immense untapped renewable sources of energy from biomass, wind, hydro,
wave, ocean etc. President Rajapaksa has set National Energy Policy to promote energy
efficiency since his reign. Initiatives are undertaken to generate 50% of total power
through these indigenous resources by 2015.
Since GHG emission from Sri Lanka is low, it has gained attention from
UN FCCC and Annex 1 countries for implementing CDM projects. The ending of the
war has developed more interest among investors now. At present 45 COM projects are
being developed which has a capacity to eliminate 134,000 tones of C02. Experts
estimate that Sri Lanka can earn 2,500 million rupees by trading around 2.5 million
tones of C02 emission annually.
Sri Lanka has rich natural resources of tea, coconut and rubber.
With regards to tea, sustainability methods are set to efficiently use them and to
improve their quality-methods for soil protection; implementing low pollution
processing activities and banning chemicals that cause ozone layer depletion are some
of them.
Apart from these natural resources the beauty of the nation by itself acts as
source for attracting tourist. Sustainability tourism is quite flourishing in the post war
era. It meets three important criteria 1.Provision for employment. 2. Conserve the
environment. 3. Provision of maximum joy for tourist.
To conclude, efficient utilization of the natural resources available and also
sustaining them can help Sri Lanka have a good future.
