NASSAU, The Bahamas – During his Contribution to the Carbon Trading Bill 2022, in the House of Assembly, on July 14, 2022, Prime Minister and Minister of Finance the Hon. Philip Davis said that it was “a monumental day for the people of The Bahamas”. “We are making history and positioning our country as the first country that will sell Blue Carbon Credits, as it relates to sea grass, on the Carbon Market,” Prime Minister Davis said. “These ocean-based credits will allow the government to tap into a completely new source of revenue that will undoubtedly benefit the Bahamian people as the funds will assist which the financial challenges we face as a result of climate change,” he added. “The world will now mark the manner of our bearing as we embrace the mantle of global leadership with...
