International Finance Corporation report depicts greater success for SL
A new report of the International Finance Corporation, a member of the World Bank Group, states that South Asia’s ambitious plans to meet its climate targets under the Paris Agreement represents USD 3.4 trillion worth of investment opportunities by 2030.
The report states, bankable projects and an attractive investment climate are needed to unlock private investments at the required scale.Creating these conditions will require strong political leadership and continued, consistent, and clear signals to provide certainty to companies and investors.
The report identifies USD 18.4 billion of climate investment opportunities in Sri Lanka.
The areas identified in the report includes USD 2.3 billion for renewable energy, USD 190 million for large hydro, USD 8.4 billion for green building...