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The Sustainable Development Agenda & Climate Financing in Sri - - PowerPoint PPT Presentation

The Sustainable Development Agenda & Climate Financing in Sri Lanka Financing the Sustainable Development Agenda: 2nd National Workshop on Innovative Climate Finance Mechanisms for the Financial Institutions in Sri Lanka 7-8 November 2017,


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The Sustainable Development Agenda & Climate Financing in Sri Lanka

Sustainable Development Advisor, Ministry of Sustainable Development & Wildlife, Sri Lanka Chairman, Global Sustainability Solutions (GLOSS) - Executive Director, Centre for Environment and Development (CED) Tel: +94 112879118 Fax: +94 112885492 Mobile:+94777372206 Email: uchita@sltnet.lk

Uchit Uchita a de Zoys de Zoysa

Financing the Sustainable Development Agenda:

2nd National Workshop on Innovative Climate Finance Mechanisms for the Financial Institutions in Sri Lanka

7-8 November 2017, Centre for Banking Studies, Sri Jayewardenepura Kotte, Sri Lanka

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  • Sri

Integrating the 2030 Sustainable Development Framework

UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlife - Global Sustainability Solutions - Centre for Environment & Development

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“Heavy rains were received on 25th May within 12 hours in the South- western watersheds in the country up to 619mm leading riverine floods of the Kalu, Nilwala and Gin rivers.”

Goal 13

  • 13.1 Strengthen resilience and adaptive

capacity to climate-related hazards and natural disasters in all countries

Goal 01

  • 1.5 By 2030, build the resilience of the poor and

those in vulnerable situations and reduce their exposure and vulnerability to climate-related extreme events and other economic, social and environmental shocks and disasters

Reb Rebuild uilding ing Cos

  • st

t

LKR 8 Billion = USD 52.5 Million

“About 1.8 Million individuals belonging to over 500,00 families in eight districts in the north and east had been affected by the severe drought condition across the country.”

Low Disaster Preparedness Broken Resilience Poverty Up Over 19,900 cases of climate induced disease issues among the livestock are reported from 18 districts by May 2014 Sri Lanka’s economic loss from floods alone -USD 1 billion for 10 years (Humanitarian Bulletin, Sri Lanka, Issue 03 | Aug 2014). 87,281 ha of paddy lands were affected in Maha 2013/14 Most agriculture ‐based livelihoods in the Dry and Intermediate Zones were affected. (Rapid Food Security Assessment in Districts

Affected by Erratic Weather Conditions in Sri Lanka: Preliminary findings April 2014)

UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlife - Global Sustainability Solutions - Centre for Environment & Development

Realising Realising the the De Deve velopm lopment ent & Cli & Clima mate Connections te Connections

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Planning Planning for an Inclusive Transforma for an Inclusive Transformation i tion in Sri Lanka n Sri Lanka

2016- 2020

  • Legislative,

Institutional & Policy Framework established

2021- 2025

  • Investment

for sustainable infrastructur e and systems in place

2026- 2030

  • Coherent and

convergent sustainable systems in motion

Uchita de Zoysa - Sustainable Development Advisor, Ministry of Sustainable Development & Wildlife, Sri Lanka

  • Cabinet Ministry on SD
  • Parliamentary Select

Committee on SDGs

  • Cabinet Sub-Committee for

SDGs

  • SD Act & SD Council
  • National SD policy, strategy,

standards & guidelines

Governance

  • National SD Engagement

Platform

  • Provincial SD Engagement

Platform

  • Provincial Sustainability

Plans

Engagement

  • Systems linkage mapping for

institutional architecture

  • National visions, pathways,

baselines & indicators

  • Monitoring & reporting

mechanism

Roadmap

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Targets

169

Line Agencies

425

Ministries

51 17

SD Goals

Central Government 09 Provincial Councils 335 Local Authorities

Planning must be

  • inclusive
  • supported by data & statistics
  • impacts measurable
  • drawing visionary pathways

Uchita de Zoysa - Advisor, Minister of Sustainable Development & Wildlife, Sri Lanka

Systems Systems Plannin Planning g for for Poli Policy & Inst cy & Institut itutional Coherence ional Coherence

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System System Lin Linkages Map kages Mapping ping for for Implemen Implementatio tation n of

  • f SDGs

SDGs

05 T 05 Tar argets gets 93 Agenci 93 Agencies es 28 Mi 28 Minis nistries tries 07 T 07 Tar argets gets 128 28 Agenc Agencies ies 39 Mi 39 Minis nistries tries

Fragmented institutional structure, duplication of roles and contradictory mandates leading to incongruent investment obstructs the transformation

UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlife - Global Sustainability Solutions - Centre for Environment & Development

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System System Lin Linkages Map kages Mapping ping for for Implemen Implementatio tation n of

  • f SDGs

SDGs

31 31 Agenci gencies es 14 4 Minis Ministries tries 45 45 Agenci gencies es 21 21 Mi Minis nistrie tries

A coherent and coordinated inter-agency institutional architecture for convergence planning and integrated implementation is necessary

Ta Targ rget et 1.5 .5 Ta Targ rget et 13.1 3.1

UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlife - Global Sustainability Solutions - Centre for Environment & Development

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SDG SDG-NDC NDC Lin Linkages Map kages Mapping ping for for Coherent Coherent Plannin Planning g

UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlife - Global Sustainability Solutions - Centre for Environment & Development

  • Sri Lankan policy makers have yet to align the Sustainable Development Goals (SDGs) and the

Nationally Determine Contributions to (NDCs).

  • If challenges posed by climate vulnerabilities are not adequately addressed in economic planning,

sustainable development is unlikely to be feasible.

  • Alignment between climate financing and financing the sustainable development agenda is critical.
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  • In Sri Lanka, there is no clear definition or collective understanding of what constitutes climate

financing.

  • In 2015, the Multilateral Development Banks (MDBs) collectively committed more than USD 25

billion in climate finance, and have financed more than USD 131 billion in climate action in aggregate since 2011.

  • The total climate co-finance committed in 2015 was more than USD 55 billion, representing a

cumulative total of USD 80 billion when combined with climate finance from the MDBs.

  • While 18 percent of climate finance by the MDBs was committed to South Asia, it is not clear how

much Sri Lanka received.

The The Potenti Potential of al of Climate Climate Fin Financing ancing

UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlife - Global Sustainability Solutions - Centre for Environment & Development

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  • In the last decade and a half, natural disasters in

Sri Lanka have increased in frequency and intensity, with major flooding, prolonged drought and flash floods in 2016-2017 alone, making climate change a reality and urgent priority.

  • In the wake of this new realization that Sri Lanka

must be prepared to face the constant challenges

  • f climate related disasters and other

vulnerabilities economic development planning must be aligned towards sustainability.

  • Development planning in Sri Lanka is prone to

working in siloes. Economic development planning and climate sustainability planning continue to be on two separate tracks and require convergence in order to address the economic challenges presented by climate vulnerability.

  • Policy makers must be made aware that all

investment plans must ensure climate resilient and sustainable development if economic prosperity is to be achieved.

Co Coheren herent t Plan Plannin ning g to to M Meet C eet Challen hallenges ges of

  • f Climate Vulnerability

Climate Vulnerability

UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlife - Global Sustainability Solutions - Centre for Environment & Development

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Publ Public ic-Privat Private-Civil Civil Pa Partn rtnerships fo erships for a Sust r a Sustainable ainable Eco Economy nomy

  • Public, private and civil society sectors must work

collectively towards addressing common challenges and climate financing must be promoted through public-private-civil society partnerships to ensure sustainable futures.

  • The financial sector in Sri Lanka has not

proactively engaged in climate financing and is gearing up towards venturing into innovate green financing.

  • The sector currently lacks the requisite

understanding, experience, exposure and expertise in climate financing and needs external support for capacity building.

  • The use of green financing tools is low in the Sri

Lankan banking and finance sector

  • We are looking to foster public-private-civil

partnerships for collective prosperity!

UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlife - Global Sustainability Solutions - Centre for Environment & Development