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Mauritius

The Finance (Miscellaneous Provisions) Act 2021

legislation type Legislative
Act
Passed in 2021
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. 

The Prime Minister's budget speech announced a coal use phase-out by 2030, but this is not reflected in the Act itself.

Documents

  • Set up 10 Gas Insulated Switchgear (GIS) substations to improve reliability and increase the share of renewable energy;
    Energy | Target year: 2030
  • Raise tenfold the absorption capacity of intermittent renewable energy through increased battery capacity to some 40 MW from the current 4 MW
    Energy | Target year: 2030
  • phase-out all coal by 2030
    Energy | Target year: 2030
  • produce 60% of energy needs from green sources by 2030
    Energy | Target year: 2030
from the Grantham Research Institute
from the Grantham Research Institute
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