Sri Lanka suffers from poverty and inequality, with over 23% of the population living below the national poverty line. Being a tropical county however, it benefits from extensive vegetation and biodiversity, making bioresources, bioresidues and biofuels a highly favorable source of energy. Bioenergy has the potential to help meet the country's energy demand sustainability, while reducing the financial burden caused by a 43% dependency on imported petroleum. It would help increase decentralized energy production thus increasing regional and national energy security and would promote decentralized economic development in Sri Lanka.
PISCES Working Paper. 16 pp.