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Released on December 01, 2023. By Jones Bahamas
As a country severely vulnerable to the impacts of climate change, the Bahamas needs new
and creative climate finance solutions. To help achieve this, the Bahamas Sustainable Investment
The program was launched on the first day of the COP28 conference in Dubai.
Prime Minister Philip Davis said at the launch that through this move, the government
Navigating stressful and stormy times to create win-win investments
Partnerships.
“Together with our strategic advisor, Resilience Capital Ventures, we will work with regional and
A global capital markets leader underwriting and establishing innovative financing mechanisms.
The goal is to get $500 million in financing,” Davis said.
“Our priorities in this fund include investing in making our infrastructure more climate resilient,
our transition to clean energy, protecting our coastal areas, reducing biodiversity loss,
Regenerative agriculture, carbon sequestration and participation in natural asset-backed carbon
Credit Plan”.
He explained that blended finance is a smart way to fill the climate finance gap once and for all
When resolution cannot be postponed.
“We will not despair. Let me tell you another reason for my optimism. Consider this: another
Another way of saying it is that a “small island nation” is a “big ocean nation”. Our nation’s seagrass meadows,
Covering an astonishing 97,000 square kilometers, it appears to be absorbing more carbon than
Amazon rainforest,” the Prime Minister said.
“We have had help not only from scientists in mapping seagrasses, but also from tiger sharks.
Tiger sharks are an important part of our underwater survey team. Yes, they can swim
Wear cameras in our waters and send back data points.
The top predator is all around you.
“These sharks will help us become the first country in the world to release blue carbon
Thanks. So, as you can see, small countries can also be great pioneers.”
Davis added that the government and Bahamians have worked with the Clinton Global
Advocate for this commitment to action.
“We are honored to be part of this extraordinary community of changemakers. So today,
Ladies and gentlemen, at COP28, we hope you will join us!” he said.
“Whether you are working with us for financing or providing technology and consulting
expertise, the door to collaboration is open. There is indeed a path forward that will
I wish my country more beautiful tomorrows. We invite you to be part of it.”
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