Tashyana Handy

Conservation efforts across the globe are in urgent need of sustainable financing. The challenge to meet this need is difficult but surmountable. The growing recognition of natural capital, the increasing availability of innovative financing instruments, and the expansion of climate-oriented funds means that there are now a greater number of financing alternatives for countries like Sri Lanka that do not have the fiscal capacity to sustain conservation efforts through traditional budgetary sources. At the Centre for a Smart Future, we are looking at some of these instruments and mechanisms specifically to identify their applicability to Sri Lanka, and learning lessons on how they can be deployed sensibly and sustainably. It’s vital that domestic economic and governance considerations are borne in mind when choosing these instruments and mechanisms for use in Sri Lanka, and government, development partners, policy think tanks, and environmental specialists should be engaged inclusively to get the best outcome for the country.