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3.30. Seychelles' installed generation capacity is currently around 119.5 Megawatt (MW) of which 104.3 MW are available service capacity. However, the safe generating capacity is 76.4 MW, largely attributable to several old generators nearing the end of their lifespan. Total energy generation is 95% from fuel oil and 5% from renewable energy sources including the 6 MW Port Victoria wind farm, 6 MW utility-scale PV plant on Ile Romainville and around 5.75 MW of distributed rooftop solar photovoltaic (PV) systems which is gaining popularity in Seychelles.

3.31. With the revised Nationally Determined Contribution (NDC) submitted, the Seychelles is currently revising its institutional, policy and legislative frameworks in the energy sector. These include:
3.32. Institutional restructuring of the Seychelles Energy Commission into a multi-sector regulator to regulate electricity, water and sanitation services;
• Strengthening of the Department of Energy and Climate Change of the Ministry of Agriculture, Climate Change and Energy; (...)

5.1. (...) Government also acknowledged that a key lesson from the pandemic was a need to improve economic diversification. This was announced in the 2021 national budget speech under the banner of 'An Inclusive and Sustainable Economic Strategy to Deliver Transformational Change'.

5.2. Seychelles' economic policies place emphasis on priority areas of the government; namely, (...)
b. The Agricultural Sector placing emphasis on improved food security, economically sustainable production, and the creation of avenues to encourage more consumption of local products.
c. The Fisheries and Blue Economy Sector, with the promotion of value addition and the modernization of infrastructure. This is mindful of the sustainability risks the country faces. (...)

5.3. Whilst the Transformative Economic Agenda remains a priority for the government of Seychelles, the country is cognizant of the recent geopolitical impacts and remains mindful of the need to address long run structural challenges that the country faces, including the impacts of climate change.

8.8. (...) Since Seychelles' accession to the WTO, the Seychelles Bureau of Standards has been encouraging national regulatory agencies to make use of technical requirements specified international standards and/or reference the international standards when developing technical regulations. The Environment Protection (Restriction on importation, distribution and sale of Plastic Utensils and Polystyrene Boxes) Regulations, 2017 and the Environment Protection (Restriction on manufacturing, importation and distribution of Plastic Bags) Regulation, 2017 are two examples of national technical regulations of which have reference international recognized standards.

8.21. (...) there is a loan scheme for Small and Medium Sized Enterprises (SMEs) available in financial institutions which is subsidized by government in order to maintain a low interest rate. These schemes are managed by several entities such as the Development Bank of Seychelles, Enterprise Seychelles Agency, Seychelles National Youth Council, Seychelles' Conservation and Climate Adaptation Trust and others.

9.5. Technical Regulations in Seychelles are regulated under a number of regulatory bodies. These include the Ministry of Fisheries and Agriculture, Ministry responsible for Environment, Energy and Climate Change, Ministry of Health, Ministry responsible for transport, Ministry responsible for communications, the Fair Trading Commission, amongst others. Given the vast coverage of this subject it was found necessary to introduce a national policy and committee to ensure compatibility with the WTO Technical Barriers to Trade (TBT) Agreement and the Good Regulatory Practices (GRP).

1. (...) The economy is highly dependent on tourism and fisheries, and particularly vulnerable to the risks posed by climate change. To deal with these challenges, Seychelles launched the National Climate Change Policy in 2020, and is refocusing its development strategy around a sustainable blue economy.

10. (...) Imports of selected products are also subject to a sugar tax since 2019, and to different types of environmental levies, some of which were also introduced during the review period.