Sri Lanka has set a target of achieving 70% of all its energy needs from renewable sources by 2030.
see photosRenewable and hydroelectric power currently accounts for about 35% of the country’s electricity demand.
Addressing the United Nations International Energy Forum on Friday, President Gotabaya Rajapaksa said Sri Lanka will stop building new coal-fired power plants and achieve net-zero carbon emissions by 2050.
Sri Lanka has set a target of achieving 70% of all its energy needs from renewable sources by 2030.
“Sri Lanka is delighted to be the co-leader of Energy Compact for No New Coal Power,” Rajapakse said.
According to climate advocacy group Sustainable Energy for All, governments including Sri Lanka, Chile, Denmark, France, Germany, Montenegro and the UK have announced a No New Coal Power Compact to halt the construction of coal-fired power plants.
Renewable energy sources such as wind and solar, and small and large hydropower plants together account for half of the island nation’s installed electricity capacity, with coal and oil-fired power accounting for the rest.
Rajapaksa said Sri Lanka would also discourage imports of fossil fuel-powered vehicles, encourage the adoption of electric cars and investment in green energy.
Renewable and hydroelectric power currently accounts for about 35% of the country’s electricity demand.
“Our aim is to move away from fossil fuels, promote de-carbonization and make Sri Lanka a carbon neutral country by 2050,” he said on Friday.
Faced with what they see as an existential threat, leaders of low-lying and island nations urged rich nations to act more vigorously against a warming planet at the UN General Assembly this week.
Sri Lanka is the latest Asian country to promise to end the creation of new coal-fired power, following similar moves by South Korea and Japan earlier this year. Asia accounts for a large share of global coal consumption.
Sri Lanka’s announcement follows China’s pledge at the UN General Assembly earlier this week not to build new coal-fired power projects abroad.
China has made significant investments in infrastructure and energy projects in Asian countries such as Sri Lanka and Pakistan and in African countries such as Kenya.
Rajapaksa said Sri Lanka would also discourage imports of fossil fuel-powered vehicles, encourage the adoption of electric cars and investment in green energy.
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“I urge countries that have the necessary capabilities to support developing countries as they attempt this transition to more sustainable energy production,” he said.
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