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Sri Lanka’s approach to challenges of Finance in Adaptation

Sri Lanka’s approach to challenges of Finance in Adaptation. Ministry of Environment and Renewable Energy Sri Lanka. Impacts and Vulnerability to Climate Change in Sri Lanka.

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Sri Lanka’s approach to challenges of Finance in Adaptation

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  1. Sri Lanka’s approach to challenges of Finance in Adaptation Ministry of Environment and Renewable Energy Sri Lanka

  2. Impacts and Vulnerability to Climate Change in Sri Lanka • The highly populated and urbanized Coastal zone, especially Western, Southern and North Western Provinces due to the sea level rise and increased precipitation • Extreme weather events such as droughts, heavy rainfalls followed by flash floods. • Impact of Climate Change on many other sectors such as, agriculture, tourism, fisheries, human settlement, public utilities ( water supply etc,), health etc. • increase in the spread of vector borne diseases such as malaria and dengue etc.

  3. Key Initiatives • Established climate change secretariat in Sri Lanka 2008. • National Policy for Climate Change in Sri Lanka • National Strategy for Climate Change Adaptation in Sri Lanka • National Climate Change Adaptation Action Plan for Sri Lanka

  4. Financing Climate Change Projects • Domestic • Government Budget • Private Sector • Carbon Market – Sri Lanka Carbon Fund • International • GEF/SCCF/Adaptation Fund/Development Banks • UN –REDD • Bilateral donors

  5. Potential future possibilities • GCF • New/additional/adequate/predictable? • Private Sector Engagement

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