Bahamas Prime Minister Davis Introduces Bills for Legal Framework on Blue Carbon Credits and Climate Governance
On January 28, 2026, Prime Minister Philip Davis introduced two bills in The Bahamas to establish a legal framework for Blue Carbon Credits and enhance climate governance. The Climate Change and Environmental Advisory Unit Bill 2025 creates a statutory body for climate oversight and mandates the development of a National Climate Change Policy, while the Climate Change and Carbon Market Initiative (Amendment) Bill 2025 aligns existing carbon market laws with this new governance structure. Together, these measures aim to improve inter-ministerial coordination and ensure compliance with the Paris Agreement, facilitating participation in high-integrity carbon markets.
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On January 28, 2026, Prime Minister Philip Davis presented two key bills aimed at providing a legal framework for Blue Carbon Credits in The Bahamas. The Climate Change and Environmental Advisory Unit Bill 2025 establishes a statutory body with defined responsibilities for climate change and finance, consolidating oversight into a single office.
The bill mandates the creation of a National Climate Change Policy and a National Adaptation Plan to enhance resilience in key economic sectors. The Climate Change and Carbon Market Initiative (Amendment) Bill 2025 aligns existing carbon market legislation with this governance structure, transferring international reporting responsibilities to the Prime Minister and enhancing financial oversight of carbon market revenues. Both bills aim to strengthen inter-ministerial coordination and establish robust governance for climate finance, ensuring alignment with obligations under the Paris Agreement and facilitating participation in high-integrity carbon markets.
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