Country Initiatives Details
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Canada’s Total Climate Finance Contribution:
$10,250,000 USD
- 2019 to 2020: $10,250,000 USD
Targeted Countries:
Sri Lanka
Funding Period: 2019 to 2020
Financial Instrument:
Concessional Loan
Type of Support:
Cross-cutting
Delivery Partner(s):
Description
Canada’s climate finance supports some of the poorest and most vulnerable countries mitigate and adapt to the effects from climate change. Through Canadian contribution to IFC - Canada Climate Change Program ($276.6 million) and the IFC - Canada Blended Climate Finance Program ($250 million), Canada is investing US $10.25 for climate-smart agriculture in Sri Lanka, with a specific focus on women-led agri enterprises and farmers. This project works with local financial intermediaries to boost lending that enables farmers and agribusinesses to be better equipped to preserve crops, prevent spoilage and protect farm infrastructure from increasingly severe climate shocks. The project carves out 25% of the funding to women-owned agri enterprises or women farmers who lack access to formal financing, given high informality rates and services. Closing gaps between women’s and men’s economic participation drives growth and improves the lives of families and communities. Canada’s investments also support climate-smart interventions such as precision harvesting, efficient tractors, flood-proof warehouses and renewable energy sources such as solar dryers and wind-energy-based pumps and mills.
Picture Source: Lakshman Nadaraja / World Bank
Results/Expected Outcomes
This project will promote climate smart agriculture in Sri Lanka and support women-owned agri enterprises and women farmers. Canada’s support will help shift the risk-reward profile of the agriculture sector in the country by providing an incentive to the banks dedicated to build significant portfolios in that space and demonstrate to others the opportunities in the sector. Canada’s contribution is helping to mobilize an additional US $64.85M in financing for this project.
Co-Financing/Mobilized Finance ($USD):
$64,850,000
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Canada’s Total Climate Finance Contribution:
$7,108,013 CAD
Footnote*
- 2018 to 2019: $634,595 CAD
- 2017 to 2018: $2,799,635 CAD
- 2016 to 2017: $3,673,783 CAD
Targeted Countries:
Benin
Bolivia
Cambodia
Côte d'Ivoire
Ethiopia
Ghana
India
Kenya
Nepal
Nigeria
South Africa
Sri Lanka
Tanzania
Trinidad and Tobago
Uganda
Funding Period: 2016 to 2017, 2017 to 2018, 2018 to 2019
Financial Instrument:
Grant
Type of Support:
Adaptation
Delivery Partner(s):
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International Development Research Centre (IDRC)
Description
This project is a collaboration between the International Development Research Centre (IDRC) and the Canadian International Food Security Research Fund (CIFSRF). The project applies research in sustainable and gender-sensitive agricultural development and nutrition to help improve food security of poor households, in particular focusing on women subsistence farmers. The CIFSRF works in partnership with developing country-based organizations to harness Canadian expertise in agriculture and nutritional science and technology and combine it with first-hand knowledge and expertise of developing countries.
Project activities for phase II include developing farming practices that are more resilient to climate change, environmentally sustainable and gender-sensitive. The project will also help to improve crop production, aquaculture and livestock production, as well as reduce post-harvest losses through adaptable and affordable technologies.
For more information, please visit Global Affairs Canada's Project Browser.
Results/Expected Outcomes
The project is expected to increase the knowledge and resources of developing country researchers in addressing key food security and agricultural priorities with emphasis on environmental sustainability and gender equity. The project also aims to increase application and scaling-up of environmentally sustainable food security and agriculture solutions that benefit subsistence farmers (particularly women), while promoting gender equitable decision-making. The project will also improve public policies and programming related to food security in developing countries by ensure they are more science-informed, gender responsive and environmentally sustainable.
The project has trained nine farmers in seed production and supported 64,795 households in soil and water conservation and land rehabilitation.
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Canada’s Total Climate Finance Contribution:
$7,500,000 CAD
- 2010 to 2011: $7,500,000 CAD
Targeted Countries:
Sri Lanka
Funding Period: 2010 to 2011
Type of Support:
Mitigation
Project Funded through a Canadian Facility:
IFC - Canada Climate Change Program (CCCP)
Delivery Partner(s):
Description
The IFC-Canada Climate Change Program provided support for the installation of rooftop solar photovoltaic (PV) panels and the implementation of green building measures on a chain of 18 supermarkets in Sri Lanka. This is a first of its kind commercial implementation of rooftop solar PV grid-connected project under the country’s net metering scheme and the first solar PV and green buildings project in the retail sector.
Results/Expected Outcomes
The completion of the plant is expected to improve the availability of better quality food products at low prices in underserved markets, contribute to private sector development in the retail industry and create direct and indirect employment opportunities. The project is also expected to demonstrate the financial feasibility of rooftop solar PV for commercial enterprises in Sri Lanka, reducing the risk perception of such investments. With support from Canada, this project is expected to mobilize an additional $12.2 million in co-financing from public and private sources and lead to an estimated greenhouse gas emissions reduction of 2,300 metric tons of CO2 per year.*
Co-Financing/Mobilized Finance ($CAD):
$12,200,000
Estimated GHG (metric tons of CO₂) Reduction Associated with Project (per year)Disclaimer *:
2,300