Sri Lanka, Nov. 27 -- As Sri Lanka emerges from an unprecedented economic crisis and embarks on a path of reform, the launch of the National Climate Finance Strategy of Sri Lanka (2025-2030) marks a defining moment in the country's development journey. It is a signal that climate action is foundational to national priorities and central to Sri Lanka's economic recovery, fiscal reform, and long-term development. Unchecked climate impacts could cost up to 15% of the global GDP by 2050 under 2degC of warming, rising to 30% by 2100 under 3degC.

While global climate finance is growing, it needs to be accelerated. In 2023, US$1.9 trillion was mobilized globally, with early estimates suggesting that 2024 flows surpassed US$2 trillion for the fi...