Sri Lanka, June 12 -- Climate action across Sri Lanka and South Asia is being financed primarily through domestic capital rather than international funding, underscoring the critical role of local financial systems in driving the transition to a low-carbon economy, said Neha Khanna, Associate Director Climate Policy Initiative addressing the Climate Summit 2026 held in Colombo.

She emphasised that net-zero commitments must go beyond disclosure and reporting requirements, becoming tangible actions supported by effective policies, legal frameworks, and a stronger focus on adaptation alongside mitigation. She further notes that while many companies have announced net-zero targets, a significant number lack credible transition plans and fina...