Updated Nationally Determined Contributions, 2021 (Sri Lanka)
Sri Lanka commits to increase 32% forest cover by 2030 and reduce greenhouse emissions by 14.5% for the period of 2021-2030 from Power (electricity generation), Transport, Industry, Waste, Forestry and Agriculture. In order to realize this ambitious target, Sri Lanka further commits:
- to achieve 70% renewable energy in electricity generation by 2030,
- to achieve Carbon Neutrality by 2050 in electricity generation,
- no capacity addition of coal power plants.
Sri Lanka expects to achieve its Carbon Neutrality by 2060. Sri Lanka’s Nationally Determined Contributions are expected to be supported by external assistance, public funds and private sector investment. Sri Lanka will prioritize adaptation needs and resilience-building activities, focusing on key sectors - agriculture, livestock, fisheries, water, health, biodiversity, coastal and marine, urban planning and human settlements, and tourism. For Sri Lanka, focusing on adaptation is critical to ensure that development investments are not eroded by constant exposure to climate extremes and that the country remains on track to achieve its ambitions of economic growth and human prosperity. Investments in mitigation will be prioritized based on emission intensities and the economic, social or environmental co-benefits derived from these actions.