Sri Lanka, June 11 -- The United Nations Development Programme (UNDP) has urged Sri Lanka to urgently operationalise and regularise its policy position on carbon trading, warning that private capital will only flow into markets that offer deep predictability and clear institutional structures.

Delivering the keynote address at Sri Lanka Climate Summit 2026, organised by the Ceylon Chamber of Commerce, UNDP Resident Representative in Sri Lanka Azusa Kubota stressed that while global private climate finance has surpassed the trillion-dollar mark, the domestic industries are waiting for definitive signals to tap into these funds.

"Ambition on paper is not enough; it must be backed up by implementation systems, financing instruments and in...