The Ministry of Finance, in collaboration with the World Bank, has published the first annual Climate Spending Report (“the Report”) for The Bahamas. In the aftermath of recent climate change related disasters, the Government has implemented Climate Change and Disaster Tagging, which is a tool used to monitor and track climate and disaster related expenditures in the national budget. It provides comprehensive data on climate change relevant spending, enabling the Government to make informed decisions and prioritize climate and disaster investments. 

This Report will inform the Government of the amount of expenditure allocated under both the recurrent and capital budgets to adequately address the effects of climate change and mitigate against future impact.  Additionally, climate and disaster relevant expenditure, when traceable in the budget, will not only inform the development climate change policies but will also gauge the impact of targeted climate spending on climate and disaster resilience.

Finally, the Climate Spending Report will strengthen accountability and transparency by improving the Government’s ability to account for, monitor, manage, prioritize, and report on climate change and disaster resilient spending and investments.

Click here to view the Bahamas Climate Spending 2021-22 report