SL to go carbon neutral by 2050 & welcomes large scale investment in renewable energy – President

SL to go carbon neutral by 2050 & welcomes large scale investment in renewable energy – President

Written by Zulfick Farzan

25 Sep, 2021 | 9:08 am

COLOMBO (News 1st); Sri Lanka plans to become carbon neutral by 2050, said President Gotabaya Rajapaksa on Friday (24) while addressing the UN High-level Dialogue on Energy aims to tackle the twin crises of climate change and energy poverty.

“Sri Lanka has achieved almost 100% electrification ensuring uninterrupted energy access for almost all our people. We have also set an ambitious target for 70% of the country’s energy requirement to be obtained through renewable sources by 2030. Our aim is to transition away from fossil fuel promoting decarbonation and make Sri Lanka a carbon neutral country by 2050,” he said.

The President also said that Sri Lanka further welcomes large scale investment in renewable energy particularly in solar, wind and bio mass.

“Over the coming decades, We will ensure that appropriate projects are given priority and are rapidly implemented,” he added.

President Rajapaksa said that Sri Lanka’s commitment not to construct any new coal power plant is reflected in its nationally determined contribution to the UN framework convention on climate change.

“Sri Lanka is happy to be a core leader of the energy compact for NO NEW COAL POWER. We are also discouraging imports of vehicles relying on fossil fuel and will encourage wider adoption of electric cars,” he stressed.

President Gotabaya Rajapaksa also said Sri Lanka is encouraging entrepreneurs, small businesses and community organizations to invest in 7,000 small scale solar projects throughout the country.

 

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