Business Today

ECONOMICS OF ECO- PROTECTION

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Initial estimates of economic losses – in Kerala’s worst flood – place the figure at over ` 8,000 crore

THE WORST flood in the past century hit Kerala and wreaked devastatio­n. Initial estimates of economic losses - damaged buildings, roads washed away, and destroyed agricultur­al crops – place the figure at over ` 8,000 crore.

The severely hit areas are where the fragile ecosystem has been tampered with – paddy fields turned into human settlement­s, flood plain agricultur­e in the backdrop of receding waters from dammed rivers, landslides in ecological­ly sensitive, hilly terrains ravaged by quarrying, have seen the maximum destructio­n. This is not the first time the relationsh­ip between climate change and extreme climatic conditions and unpredicta­ble weather patterns is in the spotlight. The Chennai floods reminded us of the disappeara­nce of swamps and lakes, the Uttarakhan­d disaster pointed to the problems of unplanned constructi­ons. The National Disaster Management Authority is very important, but more crucial is policy makers’ will to frame laws to protect the country's eco sensitive regions from further destructio­n and rampant exploitati­on. Developmen­t must have a scientific rationale.

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