Sri Lanka eyes green economy transition but funding gaps hinder progress
- CNL Reporter
- April 21, 2025
- Investment
- Sri Lanka eyes green economy
- 0 Comments
Environment Ministry Secretary K.R. Uduwawala recently declared that Sri Lanka’s transition to a green economy is steadily gaining momentum, but lacks adequate sustainable finance to deliver on its lofty ambitions in the immediate future.
Speaking at the launch of the AgriFI Sri Lanka Country Window organised by the European delegation to Sri Lanka and the Maldives, he acknowledged the Government’s commitment to inclusive green development, listing a series of national policies aimed at accelerating renewable energy, sustainable agriculture, and circular economic practices.
However, he noted that implementation remains constrained by inadequate financial support, highlighting that: “The Green Sri Lanka initiative is not just an idle aspiration, it is a reflection of our strategic commitment to balancing economic prosperity with environmental stewardship.”
He added: “But this transition cannot happen in isolation. It demands robust financing mechanisms and persistent collaboration across all sectors, ranging from private and public enterprises, the agricultural labour force, Small and Medium-sized Enterprises (SMEs), and international environmental regulatory bodies, as well as the local ones.”
