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, Centre for Banking Studies, Sri Jayewardenepura Kotte, Sri Lanka Uchit Uchita a de Zoys de Zoysa 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
Integrating the 2030 Sustainable Development Framework • Sri UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlif e - Global Sustainability Solutions - Centre for Environment & Development
Realising Realising the the De Deve velopm lopment ent & Cli & Clima mate Connections te Connections 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 Reb Rebuild uilding ing alone - USD 1 billion for 10 years Cos ost t (Humanitarian Bulletin, Sri Lanka, Issue LKR 8 Billion = 03 | Aug 2014). USD 52.5 Million 87,281 ha of paddy lands were affected in Maha 2013/14 Most agriculture ‐based livelihoods in the Dry and Intermediate Zones were “Heavy rains were received on 25th affected. May within 12 hours in the South- “About 1.8 Million individuals belonging to over ( Rapid Food Security Assessment in Districts Affected by Erratic Weather Conditions in Sri Lanka: western watersheds in the country up 500,00 families in eight districts in the north and Preliminary findings April 2014) to 619mm leading riverine floods of east had been affected by the severe drought the Kalu, Nilwala and Gin rivers.” condition across the country.” Goal 13 Goal 01 Poverty Up • 13.1 Strengthen resilience and adaptive Broken Resilience • 1.5 By 2030, build the resilience of the poor and capacity to climate-related hazards and those in vulnerable situations and reduce their Low Disaster Preparedness natural disasters in all countries exposure and vulnerability to climate-related extreme events and other economic, social and environmental shocks and disasters UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlif e - Global Sustainability Solutions - Centre for Environment & Development
Planning Planning for an Inclusive Transforma for an Inclusive Transformation i tion in Sri Lanka n Sri Lanka • Cabinet Ministry on SD • Parliamentary Select Governance • Legislative, Committee on SDGs Institutional • Cabinet Sub-Committee for & Policy SDGs 2016- Framework • SD Act & SD Council 2020 established • National SD policy, strategy, standards & guidelines • Investment • National SD Engagement for Engagement sustainable Platform 2021- infrastructur • Provincial SD Engagement e and Platform 2025 systems in • Provincial Sustainability place Plans • Coherent and convergent sustainable • Systems linkage mapping for 2026- systems in institutional architecture Roadmap 2030 motion • National visions, pathways, baselines & indicators • Monitoring & reporting mechanism Uchita de Zoysa - Sustainable Development Advisor, Ministry of Sustainable Development & Wildlife, Sri Lanka
Systems Plannin Systems Planning g for for Poli Policy & Inst cy & Institut itutional Coherence ional Coherence 17 169 SD Goals Targets Planning must be • inclusive • supported by data & statistics • impacts measurable • drawing visionary pathways 51 425 Ministries Line Agencies Central 09 Provincial 335 Local Government Councils Authorities Uchita de Zoysa - Advisor, Minister of Sustainable Development & Wildlife, Sri Lanka
System System Lin Linkages Map kages Mapping ping for for Implemen Implementatio tation n of of SDGs SDGs Fragmented institutional structure, duplication of roles and contradictory mandates leading to incongruent investment obstructs the transformation 05 T 05 Tar argets gets 07 Tar 07 T argets gets 128 28 Agenc Agencies ies 93 Agencies 93 Agenci es 28 Mi 28 Minis nistries tries 39 Mi 39 Minis nistries tries UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlif e - Global Sustainability Solutions - Centre for Environment & Development
System System Lin Linkages Map kages Mapping ping for for Implemen Implementatio tation n of of SDGs SDGs Ta Targ rget et 1.5 .5 Targ Ta rget et 13.1 3.1 A coherent and coordinated inter-agency institutional architecture for convergence planning and integrated implementation is necessary 31 31 Agenci gencies es 45 Agenci 45 gencies es 21 Mi 21 Minis nistrie tries 14 4 Minis Ministries tries UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlif e - Global Sustainability Solutions - Centre for Environment & Development
SDG SDG-NDC NDC Lin Linkages Map kages Mapping ping for for Coherent Coherent Plannin Planning g • 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. UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlif e - Global Sustainability Solutions - Centre for Environment & Development
The Potenti The Potential of al of Climate Climate Fin Financing ancing • 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. UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlif e - Global Sustainability Solutions - Centre for Environment & Development
Coheren Co herent t Plan Plannin ning g to to M Meet C eet Challen hallenges ges of of Climate Vulnerability Climate Vulnerability • 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 of 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. UCHITA DE ZOYSA – Ministry of Sustainable Development & Wildlif e - Global Sustainability Solutions - Centre for Environment & Development
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 & Wildlif e - Global Sustainability Solutions - Centre for Environment & Development
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