Sri Lanka - Green Recovery

The Transformational Potential:

• To contribute to waste reduction with a strong focus on plastics through incorporating green solutions.
• To support protection, restoration and sustainable use of terrestrial and marine biodiversity. 
• To support the government with the development and implementation of public policies and regulatory frameworks in selected sectors (e.g. solid waste with a focus on plastic and industrial waste) that are needed to implement the NDC, to foster sustainable consumption and production and to enable a low-carbon economy. 

The Team Europe Proposal:

EU “Green Policy Dialogue Facility”: 

• Develop and implement policies, reforms, and intervention, aligning EU-Sri Lanka Green Development policies and international commitments
• Improve business and investment climate for inclusive circular economy.
• Facilitate business operations and investments in green and digital technologies.
• Access to finance.

Promoting a Circular Economy – sustainable production, consumption, and finance:

• Skills development, TVET
• Research institutes, start-ups and entrepreneurs, Civil society, and authorities
• Technological transformation and digitalisation (access to finance)
• Public awareness on waste and plastic waste reduction (access to finance)

Valuing Sri Lanka’s Biodiversity:

• Reduce the pressure on biodiversity hotspots and extend the availability of green economic opportunities for local communities.
• Develop financial incentives and income generation for communities living in biodiversity- and carbon-rich areas;
• Research and capacity development to value biodiversity and to mainstream natural resource management and planning at local and national level.