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South Asia takes bold steps to tackle climate change and lead global solutions: World Bank
South Asia, home to some of the world’s fastest-growing economies, is making strides in addressing its unique climate change challenges, with the potential to become a global leader in climate resilience. However, the region remains highly vulnerable to the severe impacts of climate change, including floods, droughts, cyclones, and extreme heatwaves. Without urgent investments in climate adaptation and resilience, these risks could reverse decades of hard-earned progress, warns the World Bank’s South Asia Climate Change Roadmap.
The report highlights the region’s unique vulnerabilities, which include dense coastal populations, heavy reliance on monsoon-fed agriculture, and rapid urbanization. These challenges are exacerbated by rapidly melting glaciers in the Himalayas and intensifying heatwaves, with countries like India and Pakistan regularly breaking temperature records. Bangladesh faces existential threats from rising sea levels, especially in its low-lying delta regions.
However, South Asia is not simply facing these challenges; it is actively leading in innovative climate solutions. Bangladesh, for example, has become a pioneer in community-based adaptation, combining traditional knowledge with modern technology to reduce casualties from cyclones. Its cyclone preparedness program has drastically decreased fatalities—from 500,000 in the 1970 Bhola cyclone to under 5,000 in recent events.
India’s adaptation efforts are also noteworthy. In response to a deadly 2010 heatwave in Ahmedabad that claimed over 1,300 lives, the city developed a comprehensive Heat Action Plan. By investing in heat warning systems, public awareness campaigns, and healthcare training, Ahmedabad has prevented more than 2,300 deaths since then.
Nepal, with its community-managed forest model, has taken steps to integrate sustainable forest management practices across its diverse ecosystems. This has helped increase forest cover, while also fostering livelihoods and strengthening community resilience against climate shocks.
South Asia is also emerging as a key player in climate finance, with countries recognizing the need to integrate climate resilience into long-term planning. The 2022 Pakistan floods, which caused $15.2 billion in economic losses, highlighted the pressing need for increased resilience funding. Pakistan responded by introducing its National Climate Finance Strategy (NCFS) at COP29, aimed at mobilizing resources for adaptation and mitigation in sectors like agriculture, energy, and urban infrastructure. Similarly, Bangladesh launched the Bangladesh Climate and Development Platform in 2023, partnering with multilateral banks and international partners to develop climate projects with the right financing strategies.
Private sector interest in financing resilience is also growing. In 2023, the World Bank and the Asia Society Policy Institute convened a roundtable discussion with private financiers and stakeholders, which uncovered a rapidly evolving policy landscape for sustainable and resilient investments. Participants emphasized the need for clear financial returns on resilient investments and the strategic use of blended finance, risk-sharing mechanisms, and regulatory incentives to attract private capital.
South Asia’s leadership in climate action is creating a model for global cooperation. India’s Coalition for Disaster-Resilient Infrastructure (CDRI), now with over 30 member countries, exemplifies how South Asia’s innovations can catalyze global partnerships for climate action. The coalition focuses on practical solutions and technology transfer, creating new avenues for cooperation between developed and developing countries.
Bangladesh’s adaptation models are also influencing global climate resilience efforts, with its community-based approach being replicated in Africa and Southeast Asia. Bangladesh’s leadership in the Climate Vulnerable Forum is amplifying the voices of at-risk nations in international climate discussions.
As the region looks ahead to the next decade, its climate resilience initiatives and innovations are set to play an increasingly important role in the global fight against climate change. South Asia’s unique approach to tackling climate challenges is turning vulnerabilities into opportunities, positioning the region to lead the way in securing a sustainable future for its people and the world at large.
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Chemmani mass graves: Govt to seek international forensic help
ECONOMYNEXT –International assistance for forensic analysis of the remains unearthed at the Chemmani mass grave will be sought when the need arises, Sri Lanka’s Minister of has Justice said after opposition legislators urged the government to seek help.
“We have spoken to embassies, we have made all the local finances necessary for excavation. But when it comes to DNA analysis, depending on the type and nature we will definitely have to go for internationally recognised places,” Harshana Nanayakkara said in response to a query in Parliament.
Nanayakkara said that request for international expertise is dependant on the direction the courts give on what needs to be done, after which they will decide which agency best suits the proceedings.
The minister also recognised that local expertise is lacking in the forensic department, and the need to train local staff with the help of international experts.
Opposition MPs argued that the present need is direct help in forensics from international entities, rather than the longer term need to train the staff on analysis.
Currently, the investigation is in the excavation and exhumation stage, conducted by archaeologist Raj Somadeva and his team.
The existence of the Chemmani mass grave was first brought to light in 1998, during the trial of the rape and murder of schoolgirl Krishanti Kumaraswamy.
In February 2025, construction workers found remains near the Sinthupathy Cemetery, and following investigations ordered by the Learned Magistrate, the mass grave was discovered.
412 bodies have been discovered, with 409 bodies recovered as of 23 June 2026. According to the Office on Missing Persons, this is the 17th recorded mass grave in Sri Lanka.
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ADB approves $57.4 million package to boost Lanka’s rooftop solar drive
The Asian Development Bank (ADB) has approved a $57.4 million financing package to help Sri Lanka expand access to affordable clean energy and reduce greenhouse gas emissions through a large-scale rooftop solar aggregation and virtual net metering programme.
The financing comprises a $35 million concessional loan, $16.9 million in grants from the European Union and $5.5 million from the Japan Fund for the Joint Crediting Mechanism. With additional contributions from implementing agencies, the total estimated cost of the project is $80.5 million.
Under the Rooftop Solar Aggregation and Virtual Net Metering Project, two state-owned utilities — Electricity Distribution Lanka (Private) Limited and Lanka Electricity Company (Private) Limited — will introduce a scalable model to collect electricity generated from large rooftop solar installations and allocate the benefits virtually among eligible consumers.
The initiative will allow consumers to access solar power benefits without having to install individual rooftop solar systems.
ADB Country Director for Sri Lanka Shannon Cowlin said the project would broaden access to affordable renewable energy while strengthening the resilience and inclusiveness of the country’s power sector.
She said the initiative would also support grid modernisation and digital transformation, while creating employment opportunities and encouraging greater participation of women and youth in the clean energy sector.
The project is expected to benefit micro, small and medium enterprises and community organisations that face financial or space constraints in installing their own rooftop solar systems. Through a social compensation mechanism, eligible groups will receive reductions in electricity costs under the virtual net metering system.
The programme will support around 25 megawatt-peak of rooftop solar capacity while strengthening distribution networks, improving digital capabilities and preparing the national grid to accommodate higher levels of distributed renewable energy.
A dedicated training facility will also be established under the project to develop green skills, enhance women’s participation in the sector and build technical expertise in advanced low-carbon technologies.
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Bond scam case against Mahendran, Ravi K fixed for July 22
The Colombo High Court on Friday ordered that proceedings in the case filed against 11 defendants, including former Central Bank Governor Arjuna Mahendran and former Finance Minister Ravi Karunanayake, over alleged irregularities in the Central Bank bond auction be taken up again on July 22.
The case was called before Colombo High Court Judge Manjula Thilakaratne, who informed court that the Trial-at-Bar bench appointed to hear the matter had not been properly constituted.
Accordingly, the judge directed that the case be recalled on July 22 for further proceedings.
The Attorney General has filed indictments under the Public Property Act against 11 accused, including Mahendran, Karunanayake, Perpetual Treasuries Limited and its directors Arjun Aloysius and Geoffrey Aloysius.
The accused have been charged over alleged irregularities connected to a Treasury bond auction conducted by the Central Bank in March 2016.
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