The Hon. Anura Karunathilaka - Minister of Urban Development, Construction and Housing
Minister Anura Karunathilaka placed Sri Lanka’s energy sector in the context of rising global energy demand and the shift toward clean energy and net-zero policies. He noted that international commitments are expected to reduce fossil-fuel use after 2025–2030, citing decisions by several countries to phase out petrol and diesel vehicles, restrict new oil exploration, and limit coal-based power generation.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Chair, global energy demand is rapidly rising with industrial and other needs, drawing intense attention and research. This has led to focus on alternative energy sources and policies such as clean energy and net-zero. We must view Sri Lanka’s sector within this context.
¶ 02 Global demand for fossil fuels is projected to decline progressively by 2025–2030 and beyond due to net-zero commitments. Many countries have announced exits from fossil fuels: for instance, Norway by 2025; the UK, Canada and the USA have policy decisions to stop adding new petrol and diesel vehicles by 2030–2035; Costa Rica, France, Ireland and New Zealand have decided not to permit new oil exploration. Thus, fossil-fuel markets are gradually contracting. Many countries also plan to limit coal-based power by 2040.
¶ 03 [Speech continues.]
Provenance
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- Hansard, Monday, 3 March 2025 ·No. 1742268353096939 ·English daily/uncorrected Hansard
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Cite as: The Hon. Anura Karunathilaka - Minister of Urban Development, Construction and Housing. 10th Parliament, Parliament of Sri Lanka. Hansard, 3 March 2025. No. 1742268353096939. Politick, https://staging.politick.io/lk/speeches/18365