Accelerating Industries Climate Response In Sri Lanka

Accelerating Industries Climate Response In Sri Lanka company information, Employees & Contact Information

The Accelerating Industries Climate Response in Sri Lanka project is working across multiple areas to help industry use energy more efficiently, while expanding the share of power drawn from renewable sources, such as solar PV and biogas. These areas are: Emissions reporting: We work with government, industries and energy experts to establish baselines for current industrial GHG emissions in Sri Lanka. Through a measurement, reporting and verification (MRV) system under development, we help industries track and report GHG emissions and emissions reductions. Policy support: To attract investment in low-carbon technologies, we help stakeholders identify, develop, promote and implement a coherent set of policies and regulatory measures. We also support highly polluting industries to comply with existing rules. Industry support: We build capacity within industry on climate change mitigation practices, while testing new technologies and measures to save energy and reduce GHG emissions. We also train energy experts who can guide industries as they transition away from fossil fuels. Climate financing: Working with financial institutions and industries, we design financing options to incentivize investing in low-carbon technologies. We also train industries and energy experts on financial analysis and how to prepare bankable investment proposals for low-carbon technology projects. Gender and Youth: Sri Lanka’s industrial clean energy vision can only be achieved with women and youth at the heart. That’s why, every training we deliver, every policy we recommend or help draft, every financial instrument we design considers and addresses the needs of women and young people. This project is a five-year initiative led by the Ministries of Environment, Industries, Power and Energy. It is implemented by the United Nations Industrial Development Organization and funded by the European Union.
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