Year-long study to find monetary value of U'khand's natural resources


Summary: "The study will include water conservation, soil conservation, carbon sequestration along with assessing the monetising value giving the factual indicators," she said. "Index for sustainable and environment performance is actually a 'health card', which will indicate the status of the natural resources, whether they are improving or degrading or maintaining status quo. "I have conducted a base study as part of global research in Uttarakhand in 2006-07 and assessed the value of some limited natural resources to the tune of Rs 22,000 crore per year," she said. "However, this year-long study will be more detailed and intensive," she said. ""Once we get the data, then we will also include the cost of conservation of eco-system with our project cost as well," he said. DEHRADUN: The Indian Institute of Forest Management (IIFM), Bhopal will conduct a year-long study on Uttarakhand forests to prepare what it termed a "health card", which will indicate the condition of natural resources-- whether they are improving or degrading.The study is also aimed at finding the index for 'sustainable environment performance', to know how much the environment is costing to the state to attain economic growth.Apart from this, the Center for Ecological Service Management (CESM) of the IIFM will also conduct the 'green accounting' of forest resources simultaneously.Directorate of Economics and Statistics (DES) will commission the comprehensive study."Index for sustainable and environment performance is actually a 'health card', which will indicate the status of the natural resources, whether they are improving or degrading or maintaining status quo. This index will tell us how much environment is costing to attain economic growth. Once that is calculated, the experts will provide their suggestions to improve or sustain the growth," said Dr. Madhu Verma, professor and coordinator, CESM, IIFM said."I have conducted a base study as part of global research in Uttarakhand in 2006-07 and assessed the value of some limited natural resources to the tune of Rs 22,000 crore per year," she said."However, this year-long study will be more detailed and intensive," she said."The study will include water conservation, soil conservation, carbon sequestration along with assessing the monetising value giving the factual indicators," she said."The monetary value of the forest given away for development is assessed, but, unfortunately, the assessment of conservation of forest is never estimated and the states are not given their due for doing so," Verma said.Jairaj, principal chief conservator of state for environment for planning and environment services said: "We have advised the research team to include renowned economists for endorsement of their study. The team will also have regular meetings with the standing committee formed on this issue in the state government. ""Once we get the data, then we will also include the cost of conservation of eco-system with our project cost as well," he said..

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