Despite being highly vulnerable to climate risk, Sri Lanka is slow to tap into climate funding due to a range of issues including inadequate data systems, institutional weaknesses and limited capacity to design and implement viable projects.
There’s no handover or knowledge transfer, thus creating a huge stumbling block,” Randeni says.“The absence of a defined national strategy to benefit under Article 6 of the Paris Agreement, which enables carbon trading and cooperation to assist countries to achieve their nationally determined contributions is another barrier,” Sugathapala says.
Despite being highly vulnerable to climate risk, Sri Lanka is slow to tap into climate funding due to a range of issues including inadequate data systems, institutional weaknesses and limited capacity to design and implement viable projects.
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