Regulatory Alerts2026-02-06
Added · Updated
Climate Change Act 2021
The Act establishes a comprehensive legal framework for climate change governance in Fiji, including a declaration of climate emergency and the implementation of the Paris Agreement. It mandates state entities to align actions with climate objectives, requires the development of a National Climate Change Policy, and creates systems for measuring, reporting, and verifying greenhouse gas emissions. The legislation introduces carbon budgeting, regulates carbon sequestration property rights and emissions reduction projects, and imposes disclosure obligations on companies, financial institutions, and the Reserve Bank regarding climate-related financial risks.