Could Blue Carbon Credits Be The Future Of Sustainable Financing? ...Middle East

OILPRICE - Economy
Could Blue Carbon Credits Be The Future Of Sustainable Financing?
source : OILPRICE ( Middle East ) () 16
The Bahamas has become the latest emerging market to seek to leverage its natural environs to fund projects to protect its environment, announcing plans to sell blue carbon credits before the end of the year. In late April the government unveiled plans that would give companies the opportunity to purchase the credits to offset their own carbon emissions. The proposed deal is based on the Bahamas’ estimated 4270 sq km of mangrove forests, seagrass beds and other ecosystems that absorb and store significant amounts of carbon. Upon announcing…

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