Any move to dilute Sri Lanka’s Coast Conservation Law by retroactively legalising illegal coastal developments may increase—not reduce—investment risk, governance analysts and environmental experts warn.

Sri Lanka’s coastline underpins key sectors including tourism, ports, fisheries, logistics and coastal real estate. It also functions as critical natural infrastructure, absorbing climate shocks and reducing disaster losses. Weakening its legal protection could expose investors to higher climate risk, regulatory uncertainty and ESG-related financing constraints.

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