The Bahama Banks Blue Carbon Initiative is seeking $50 million in funding via its Blue Venture Mapping Fund to support the development and implementation of the seagrass project. The fund will enable the project to establish a sustainable framework for scaling its blue carbon conservation and restoration across 130,000 km2 of Bahamian Seagrass habitat, while leveraging carbon credit sales to reinvest in the initiative and provide economic benefits to Bahamian communities and resiliency against climate change.
Investment opportunity one: Venture Mapping Fund
Target investment - Up to $50 million
ROI - 25% annually (floor) for 8 years, with an option at year 8 to purchase 2 million carbon credits at a 10% discount or pre-agreed price.
Investment opportunity two: Offtake purchases of Bahamas seagrass carbon credits, insured by Lloyds up to $175 million with PwC as Lead Financial Advisor.
