Overall Objective

GGGI welcomed the Government of Sri Lanka as its thirtieth Member in January 2019, committing to support the country as it asserts its commitment to achieving its sustainable development and NDC goals. As Sri Lanka’s delivery partner for the 3-year GCF-National Adaptation Planning (NAP) Readiness Support Program, GGGI will support Sri Lanka’s NDC on adaptation by further strengthening its adaptation planning process and capacity to implement NAP.  It also aims to enhance the country’s access to climate finance for the implementation of its national adaptation plan. Working towards 6 sub-outcomes through 20 key outputs, the project’s target impact is a built resilience of the most vulnerable sectors and communities in Sri Lanka to adverse effects of Climate Change through Sri Lanka’s strengthened capacity to implement National Adaptation Planning.  

GGGI is also supporting the Government goals to help achieve the country’s NDC targets through supporting the following strategic outcomes under the Country Planning Framework 2020-2024 period: 

(a) Energy-efficient and environmental-friendly transport systems established;  

(b) Green energy uptake increased and energy efficiency enhanced through the improved enabling environment and developed bankable projects; and  

(c) Forest cover increased and mangroves restoration enhanced 

Context

Sri Lanka is a developing country and an island nation that is vulnerable to climate change. Adverse effects of climate change such as rising temperature, changes in rainfall and sea level, and extreme weather conditions pose a great threat to its natural resources, economic growth, and the well-being of the people. In addition, sea level rises could affect important sectors of the country such as tourism, fisheries, and agriculture. As a significant population, around 28%, of the country depends on livelihoods connected to agriculture, emerging evidence from various sources suggests that climate change will severely destruct the food security and alter natural systems connected to the water cycle, ecosystems, and biodiversity of the country.  

 

The Government recognizes climate change challenges and thus, prioritizes environmental protection and disaster management. Therefore, the Government’s Vision 2025 sets the country’s path to a stable, peaceful, reconciled, and prosperous Sri Lanka for all its people. Building resilience is essential for the country which is incorporated in Sri Lanka’s NDCs. Building resilience of vulnerable communities and ecosystems over climate change effects within a broader framework of sustainable development remains the country’s priority. Additionally, Sri Lanka introduced national policies, strategies, and actions to mitigate climate change. The Government has undertaken the climate change adaptation planning process to identify gaps and areas of support through identifying vulnerable sectors, adapting participatory processes with a wide range of stakeholders, and developing national strategies, and determining areas for future investments. 

Projects

SLS03
Countries
SLS03 Forest Finance and Investment Incubator
Start Date Q4 2019
Funding Source
Actual Budget (USD) 0
Status Active
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