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The Bahamas Plans to Sell ‘Blue’ Carbon Credits in 2022, PM Says

Officials have identified at least $300 million worth of coastal assets to offer on the carbon market, according to Prime Minister Philip Davis. 

Paradise Island Beach, Nassau, Bahamas. 

Paradise Island Beach, Nassau, Bahamas. 

Photographer: DANIEL SLIM/AFP via Getty Images

Long known for its sun, beaches and rum, the Bahamas also wants to be known as a pioneer of ocean-based carbon credits. 

The island nation is taking inventory of its carbon-sink assets—seagrasses and mangroves—and expects to sell “blue” carbon credits on the international market by year’s end, Prime Minister Philip Davis said Thursday. Although the inventory is ongoing, officials have identified at least $300 million worth of assets that might be offered on the voluntary carbon market, he said.