Sri Lanka needs to invest Rs.
30 billion over the next five years to achieve national biodiversity targets and to avoid future expenses related to biodiversity restoration and management, according to the Roadmap for Sustainable Finance report.
The country may face a 1.2 percent loss of annual GDP by 2050 if effective measures are not taken to address climate change related issues, International Finance Corporation, Country officer for Sri Lanka and the Maldives Victor Anthonypillai said at the launch of the report by Central Bank of Sri Lanka (CBSL) in Colombo yesterday.