March 15, 2018
Sri Lanka 4th most vulnerable in the World as per Global Climate Risk Index 2018 Hampered Water Drought, Hydro Coconut shortages floods generation production delaying Sri threatening threatening down 18.6% in Lanka food security energy 2017 investments security 2 Source: IPS Sri lanka, UN
How Sri Lanka has responded to Climate Change? GoSL commitment as a party to the Paris Agreement Na Natio ionall lly De Determin ined Mit Mitig igation Ada Adaptation Co Contrib ibutio ions (NDC (NDCs) • 514 MW Wind , 115 MW Solar, 176 MW • Prevention of waste generation mini hydro Solid Waste • W2E as a waste management Power Generation • Increasing renewable share from 50% to option 60% by 2020 • Converting existing oil power plants to LNG • Secure and protect water Enhanced resources Water • Fuel switching to biomass • Provide safe drinking water to all Energy Efficiency • Cleaner production • Encourage and introduce low emission • Rehabilitation of tanks and canals vehicles such as electric and hybrid Irrigation • Efficiency improvement in Transport • Establishment of EE and environmentally agricultural water use sustainable transport systems by 2030 • Protect environmental sensitive • Establishes eco-industrial park tourist attractions Tourism Industry • Encourage Industries to reduce GHG • Promote eco tourism emissions Footer
Climate action means business for Srilanka-Investment Potential of $18 Billion b/n now and 2030 Footer
CLIMATE-SMART CASE STUDIES
3 Strategic Focus Areas-Climate Smart Agri Business • Kingenta China, $200 m Promote precision farming & increase Lands/ • Upgrade conventional fertilizer to higher efficiency, farmer specialty fertilizer Crops productivity. • Platform of 300 crop-production service centers across 8 provinces in China to increase crop productivity • Tropical Heat Kenya, $4.5 Reduce the 1/3 of the food grown & • Financing cold storage, thereby reducing potato Food wasted from farm losses in Kenya wastage to fork. • Anyou China, $17 m Sustainably • Innovative pig feed practices reduced ammonia and Animal increase animal nitrous oxide in pig slurry Protein productivity. • Reduce Pig mortality rates
Green Residential Housing in India IFC committed $75.8 million in green bonds issued by Punjab National Bank Housing Finance Limited , India’s fifth largest housing finance company, for the first issuance designated to green buildings in India Proceeds exclusively used for on-lending to developers of green residential buildings. Green certification under international standards including IFC’s EDGE
In addition to accelerating commercial climate markets, IFC uses venture capital to test the waters for new technologies Footer
Thank you For further information please contact: Amena Arif aarif@ifc.org Victor Navaranjan Antonypillai vantonypillai@ifc.org Rajesh Miglani rmiglani@ifc.org
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