Background: Green Energy and Climate Concerns
There is an urgent need for acceleration of global actions towards climate change mitigation. There have been multiple global forums which have resulted in numerous commitments towards this end. However, actions have fallen drastically short of commitments.
The fallout of this failure in global leadership is borne largely by developing nations of the global south. When periods of drought extend beyond normal, undermining agricultural production, our food security is in jeopardy. When hydropower gets disrupted due to delayed monsoons, our energy security is in jeopardy. Droughts are often followed by a deluge, leading to flash floods and landslides, disrupting lives and livelihoods of under-privileged communities in particular.
It is very evident that there is a disproportionate impact of the adverse outcomes of climate change on developing countries. This brings to light the issue of climate justice and the need for a stronger contribution from the advanced economies towards adaptation and mitigation efforts in the global south.
That being said, Sri Lanka will forge ahead with its efforts towards climate mitigation. We have also recently launched the Tropical Belt Initiative at the COP28 in Dubai – this creates a framework for catalysing private investment in forests, energy, oceans, mangroves, in the countries of the tropical belt.
Today I want to focus on one key aspect of such efforts, which is our drive towards renewable energy.
Renewable Energy in Sri Lanka: Building on History
Esta historia es de la edición Business Today February 2024 de Business Today Sri Lanka.
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Esta historia es de la edición Business Today February 2024 de Business Today Sri Lanka.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
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