Workshop on Multi-Actor Partnerships for Climate Disaster Risk Financing and Preparedness in the Tourism Sector

December 20, 2024

Resource Type

Reports

Language

Geographical Focus

Sri Lanka

Created On :
December 20, 2024

The tourism sector in Sri Lanka is valued at approximately USD 2 billion, directly employing 250,000 individuals and indirectly impacting up to 2 million people (SLTDA, 2023). Nuwara Eliya, renowned for its cool climate, picturesque tea estates, and natural beauty, is a key player in this industry. However, climate change poses significant threats, potentially altering its temperate climate, increasing extreme weather events, and affecting critical attractions such as tea plantations. Sri Lanka's Nationally Determined Contributions (NDCs) recognise tourism as vital for foreign exchange earnings and underscore the importance of climate resilience and environmental conservation to protect essential assets. 

Building climate resilience within the tourism sector through inclusive and participatory processes that link local actions with national and international policies is essential for effective risk management and climate action. The Multi-Actor Partnership for Climate Disaster Risk Financing and Preparedness, initiated by SLYCAN Trust, aims to bring together diverse stakeholders to strengthen resilience, focusing on climate risk management, risk transfer, risk finance, and collective action to mitigate climate-related challenges.

Related Thematic Areas