Finance (Miscellaneous Provisions) Act 2021
Summary
This Act sets Mauritius' budget for the fiscal year 2021-2022. It amends existing legislation to insert climate-related clauses. It notably 1) grants to the Bank of Mauritius the ability to issue guidelines, directives, rules or instructions regarding the framework for the issue of sustainable bonds, including blue and green bonds (by amending the Bank of Mauritius Act), 2) improves the legal framework to support the production and use of renewable energy sources, including biomass.
Documents
Document
Topics 
Beta
About this law
Year
2021
Most recent update
05/08/2021
Geography
Response areas
Mitigation
Sectors
Economy-wide, Finance, Public Sector
Topics
, ,  
 Topics mentioned most in this law  Beta
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Group
Topics
Policy instrument
Risk
Impacted group
Just transition
Renewable energy
Fossil fuel
Economic sector
Public finance actor
Targets  4
Set up 10 Gas Insulated Switchgear (GIS) substations to improve reliability and increase the share of renewable energy;
Energy, Target year: 2030Raise tenfold the absorption capacity of intermittent renewable energy through increased battery capacity to some 40 MW from the current 4 MW
Energy, Target year: 2030phase-out all coal by 2030
Energy, Target year: 2030Note
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