Oct 13, 2019

Sri Lanka carbon credits need reform to be globally traded Featured

Sri Lanka’s Carbon Crediting Scheme (SLCCS) needs to be further strengthened to be recognized globally, two World Bank specialists said, while lauding efforts made by early adopters.

World Bank’s Climate and Energy Specialist Prajwal Baral and Carbon Finance specialist Keisuke Iyadomi in an official blog post said that Sri Lanka has only now managed to ‘catch the low carbon development train’.

SLCCS is a voluntary program which supports greenhouse gas emission reduction and enables companies to earn Sri Lanka Certified Emission Reduction Units (SCERs) for their efforts to reduce emissions.