“We’ve Already Felt The Sting Of Climate Change”, Says PM

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NASSAU, THE BAHAMAS – “ Climate change is not a forecast of the future. We are already living in the midst of it, and unfortunately, we have already felt its sting.” – PM Davis

It was with those comments that Prime Minister Philip Davis tabled the Climate Change and Environmental Advisory Unit Bill, 2025 and the climate change and Carbon Markets (Amendment) Bill, 2025 in parliament this morning.

From eroding coastlines, to stronger storms arriving more frequently and with less warning, Davis says the cost of inaction is no longer theoretical.

According to the prime minister, the Climate Change and Environmental Advisory Unit Bill, 2025 is designed to modernize how climate policy is governed, consolidating responsibility, improving coordination, and strengthening oversight across government.

“ Under this bill, overall responsibility for climate change and climate finance has been consolidated. This reflects the reality that climate decisions simultaneously affect public finance. Infrastructure planning, national security and international relations.”

As part of the wider climate strategy, Davis also pointed to efforts to transform the country’s energy sector, including expanded solar generation, while urging lawmakers to recognize the economic and environmental value of The Bahamas’ vast Seagrass Meadows.

“ These underwater ecosystems absorb and store extraordinary amounts of carbon and protect coastlines that communities depend on. For too long, global markets ignored their value, and for too long, countries like ours paid the price for their oversight. This administration. Choose a different path and approach. “

That’s where the second piece of legislation comes in.

The Climate Change and Carbon Markets (Amendment) Bill, 2025 would update the country’s carbon market framework putting stronger rules and oversight in place as The Bahamas looks to play a bigger role in international carbon trading.

“ There is a significant demand for carbon credits that represent genuine environmental benefit, and The Bahamas is positioned. To participate in those carbon markets responsibly with safeguards that protect our national interests while generating significant revenues. This is a game changer that will make a major difference in our climate adaptation and resilience agenda. “