Sri Lanka, June 11 -- Sri Lanka must urgently operationalise and regularise its policy position on carbon trading, as private capital only flows into markets offering deep predictability and clear institutional structures, the United Nations Development Programme (UNDP) urged.

Delivering the keynote address at the 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 surpassed the trillion-dollar mark, domestic industries wait for definitive signals to tap into these funds.

Ambition on paper is not enough and requires the backing of implementation systems, financing instruments, and institutional credibility, K...