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    HomeGreen FinanceSustainable InvestingESG And The Rise Of Sustainable Finance In Mauritius - Financial Services

    ESG And The Rise Of Sustainable Finance In Mauritius – Financial Services

    As African countries grapple with the measures necessary to meet
    their nationally determined commitments
    (“NDCs“) under the Paris Agreement, it
    is critical to be primed to attract sustainable finance, and for
    central banks and regulators in each country to create a fertile
    environment for this redirection of capital. Africa, and small
    island nations such as Mauritius, are the most vulnerable to the
    impacts of climate change, but also offer huge potential for
    renewable energy.

    Mauritius has committed to reducing its greenhouse gas
    (“GHG“) emissions by 40% by 2030 and
    projects that this will require funding of USD6.5-billion. While
    USD2.3-billion (35% of the estimated requirement) will be provided
    by government and the private sector, USD4.2-billion must originate
    from the international community and donor agencies.

    Recognising that sustainable finance can be a lever…

    Read the full article originally published at www.mondaq.com.

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