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New Nature Bonds Project Announced for the Bahamas

A new Nature Bonds project in The Bahamas will unlock USD 124 million of new cash funding (plus an additional estimated USD 8 million of endowment investment returns) for conservation over the next 15 years. https://www.nature.org/en-us/newsroom/tnc-announces-new-nature-bonds-project-bahamas/  

The Nature Conservancy is proud to be a part of this ground-breaking project, The Bahamas Debt Conversion Project for Marine Conservation, to support The Government of The Bahamas in meeting their ambitious conservation goals in support of both people and nature. 

With one of the largest systems of marine protected areas (MPAs) in the Caribbean, The Bahamas needs additional resources to ensure the effective management of its ocean space. The funding and technical support generated through this project will help The Bahamas support conservation goals and sustainable livelihoods.  

Effective protection and management of the world’s ocean are essential to protecting biodiversity, tackling climate change and supporting healthy communities and economies across the globe. The proven, innovative approach of our Nature Bonds Program combines debt refinancing, science, planning and policy to help countries protect ecosystems and support communities. In total, Nature Bonds projects have secured commitments to protect or improve management of roughly 238 million hectares of ocean and are expected to generate more than USD 535 million of new funding for conservation.