Reply To:
Name - Reply Comment
Last Updated : 2024-05-19 23:42:00
9 May 2024 01:28 am - 10 - {{hitsCtrl.values.hits}}
President Ranil Wickremesinghe addresses the inaugural session of the Sri Lanka Climate Summit in Colombo
PIC COURTESY PMD
Plans are underway to introduce legislation in Parliament, which would ensure that all government policies focus on the transformation to a highly competitive export-oriented economy, President Ranil Wickremesinghe said.
One of the items in the bill, in carrying out this transformation, is to ensure that we achieve net zero by 2050.
“And I can tell you we will achieve it before that. Sri Lanka can do it,” said Wickremesinghe.
“So, in making our policies, which are going to affect all of you, not merely a transformation of an economy into export orientation but into an economy that is based on achieving net zero,” he said.
The bill is expected to be gazetted next week.
Wickremesinghe was addressing the inaugural session of the Sri Lanka Climate Summit, hosted by the Ceylon Chamber of Commerce, at Shangri-La, Colombo this week.
While the first step towards this endeavour is in drafting a new law, which will deal with the environment and climate change, it will largely follow the Climate Change Act of the UK. Reason being, it has been well accepted by the financial circle.
He emphasised on giving priority to promoting a green economy and said Sri Lanka might as well be the first in the region to do so.
Sri Lanka’s green financing will ensure following the same practices as the UK. The Chamber of Commerce, Colombo Stock Exchange and investment ministry are to work in unison to achieve it, once the policy details on climate change are announced, covering every sector of the economy.
Premalal Perera Thursday, 09 May 2024 07:36 AM
Brace yourself for astronomical energy costs.
Sambo Thursday, 09 May 2024 07:47 AM
I am sure you are dreaming. When you have politicians who have not passed grade 8 what can you expect.
Sleazy president and his goons Thursday, 09 May 2024 07:54 AM
It’s only word and words are all I have to explain my dismal performance.
Nincompoop president and his grand plans Thursday, 09 May 2024 07:56 AM
Wow the president has a plan!! Sun will rise from the west tomorrow.
Sokrates Thursday, 09 May 2024 08:48 AM
Ranil, if you want an export-oriented economy then why are you cheating all exporters every day by letting the central bank manipulate the foreign exchange rates way down compared to the LKR. The true value of the US dollar is approximately 500 LKR. But that's bad for your election campaign because imports will then become more expensive and the inflation rate will rise. Isn't it time to introduce an honest economic policy instead of your manipulative fraudulent window dressing to ensure your stay in power? You have no chance of being elected anyway. Furthermore, an exporter has to overcome enormous bureaucratic hurdles. About 20 documents are needed, including something as silly as a photo of the company's headquarters and a Google photo with the shortest route to the nearest police station. In the EU, a single document is sufficient.
Scandinavian Turist Thursday, 09 May 2024 10:12 AM
Why this Ranil guy is on power? He was not elected, just a Western puppet, right? What export means in this context? Allow Foreign investors to come and rob raw materials, export it to i.e China or India, refine products and sell them back to Sri Lanka? Green financing…is it same than ESG or does green referring to dollars? Where is srilankan patriotism? Ranil and his corrupted cabinet does not understand that foreigners are reading these papers. Ranil out before country is totally ruined.
Ram Thursday, 09 May 2024 10:56 AM
RW talks about net zero in 2050. Is it net zero balance in Central Bank that he failed to achieve in 2015?
Pindasa Ganpala Thursday, 09 May 2024 02:49 PM
Muwanpasse Pina had better ideas after 50 years!!
Patcitz Thursday, 09 May 2024 11:39 PM
If you stay more as an illegitimate President of Sri Lanka, our economy will never be there to count even ZERO but prevail MINUS ZERO, as you are selling everything to INDIA under the US COMMAND. Undoubtedly, nothing will remain for our future generaion.
Bandu Friday, 10 May 2024 08:40 AM
People don't have sufficient food, health care , public transport, jobs. President wants to implement policies even developed countries are struggling. Why is SL electing idiots?
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
The state-run loss-making State Mortgage & Investment Bank (SMIB) has reveale
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
17 May 2024 - 0 - 130
