Assessment of the Status of Climate Finance in Armenia, Georgia,Kazakhstan Kyrgyzstan and Tajikistan

თარიღები: 19 ნოემ - 04 დეკ
მდებარეობა: თბილისი საზღვარგარეთ
ელ. ფოსტა: FKarimbaev@ifc.org
მიმაგრებული ფაილი: გადმოწერა
ტენდერი/კონკურსი:  ტენდერი

TERMS OF REFERENCE

 Assessment of the Status of Climate Finance in Armenia, Georgia, Kazakhstan

 Kyrgyzstan and Tajikistan

The Organization

IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. IFC fosters sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital and providing advisory and risk mitigation services to businesses and governments. IFC services are divided into two areas:

  1. Investment Services – the provision of loans, equity investment and other financial instruments to the private sector in emerging markets
  2. Advisory Services – the provision of a range of technical assistance and policy advice to governments, (central and local/municipal) financial institutions, and to other firms particularly those focused on environmental and social issues

 

Project Background

IFC’s Climate Finance Program is a product of IFC Financial Institutions Group to support client financial intermediaries, such as banks, leasing companies, microfinance institutions and others, as well financial regulators (such as Central Banks, regulators of securities market and other financial services markets) to increase their lending and associated advisory support, develop financial instruments (i.e. green bonds, sustainable bonds, etc.) for clean and resource/energy efficient projects, renewable energy projects, as well as water efficiency initiatives, green buildings, eco-transportation, climate-smart agriculture and climate adaptation projects in emerging markets. This lending and/or advisory helps end-users, namely corporations, small and medium enterprises (SMEs), and households, as well as central and local/municipal administrations to reduce use of fossil fuels, improve efficiency in energy and water use, enhance productivity in business operations,  increase access to clean energy sources (solar, wind, hydro, biomass and others), and develop circular economy. The aim is to promote sustainable and low-carbon growth in developing countries and reduce greenhouse gas (GHG) emissions - the cause of climate change and global warming effects.

 

Scope of Work  

The goals of the multi-country assessment assignment is to assess the overall climate-finance regulatory and opportunities landscape in the target countries (Armenia, Georgia, Kazakhstan, Kyrgyzstan, and Tajikistan ), assess market needs, available products, financial instruments, ascertain obstacles for the growth in climate finance, identify potential leads & target segments and thus help IFC deliver a valid value proposition to clients, i.e. Financial Institutions, and Regulators of Financial Markets as defined above.

Consultant is expected to analyze the climate finance landscape in the target countries, identify strategic opportunities to advance climate finance investments and advisory, and detail potential obstacles which IFC may help overcome. A brief presentation, summarizing findings, will be presented to IFC staff alongside the report.

Assessment would entail researching and summarizing relevant data from public sources and existing studies and reports. Interviews can be conducted, as necessary, with regulatory bodies, industry associations, banks and other key stakeholders. The scope of the desk research and the stakeholder consultations will include:

  • Climate finance enabling regulatory environment paying special attention to public policies, national climate change strategies and plans, Nationally Determined Contributions (NDCs) and COP21 alignment, subsidy programs, carbon taxation, etc.
  • Climate finance stakeholder mapping: Government Agencies and Ministries, Financial Regulators, Central Banks, Banking Associations, Stock Exchanges, Individual FIs (commercial and investment banks, both public and private; asset managers; insurance companies; investment funds; etc.)
  • Climate finance market barriers and opportunities, motivation factors for key market segments, with a special focus on renewable energy, energy efficiency, sustainable construction, climate-smart agriculture, water & waste management and sustainable transportation.
  • Climate finance market sizing of individual segments, key players, market needs from FIs perspective. An example of dimensions to be considered to assess green banking maturity in FIs can be the following:
    • Strategic commitment to climate change and sustainability (strategy, organization, international standards, reporting & frameworks adherence i.e. Principles for Responsible Banking, Global Reporting Initiative, UN Global Compact, etc.)
    • Green financial products and services (credit, deposit, non-financial services, etc.)
    • Climate/ ESG risk management frameworks (TCFD, IFC Performance Standards, Environmental & Social Management System in place, etc.)
    • Eco-efficiency practices / green value chains (energy, water, paper, green buildings, etc.)
  • Existing private and public initiatives in the financial sector such as: green taxonomies, banking associations initiatives, sector/ cross industries dialogues at national level, etc.

 

Expected Deliverables

The consultant(s)s will produce, at a minimum, the following deliverables:

  1. Conduct all the necessary individual meetings with different stakeholders involved to best understand the market and to best address/provide solutions.
  2. Country specific climate finance market scoping report – including:
    1. A list of all the meetings conducted;
    2. Climate finance market overview (detailing all points in the above scope);
    3. Appropriate commentary as to the strengths and weaknesses of the situation in key sectors;
    4. Potential partners and a plan of action for prioritizing and developing further steps from IFC’s perspective.
  3. Presentation of results to IFC team.

 

Timeframe

The length of the assignment is no more than 7 working days for each selected country. The timeframe for this project estimated at 1-1.5 weeks per country: and 2 days for final presentation and debrief. Total time frame is 8 weeks with a maximum total of 37 days 

 

Consultant Qualifications

To deliver the project, IFC is seeking to recruit (a) consultant(s) with the following qualifications:

  • Substantial business experience in the development and implementation of climate finance projects for clients, with preferably some exposure to the subject in the ECA region;
  • Understanding of climate finance landscape in ECA, of what works, what are the success factors and who are the main players;
  • Familiarity with the technical aspects of climate change mitigation and adaptation, as well as the relevant regulatory and policy issues that impact the delivery and expansion of climate finance;
  • Deep understanding of global trends in climate change mitigation and adaptation, and of emerging best practices and innovations;
  • Proven business development skills including developing client relationships, outlining value propositions to clients, and establishing credibility among senior managers in financial institutions;
  • Demonstrated skills in consulting and providing technical assistance to banks/financial institutions;
  • Team player with organizational skills and demonstrated ability to handle multiple tasks simultaneously with minimal supervision;
  • Ability to interact on a senior level with regulatory agencies, associations, financial institutions and other stakeholders; 
  • Excellent written and oral communication skills in English are required, Russian or other regional languages is a plus. 

 

Confidentiality Statement

All data and information received from IFC for the purpose of this assignment are to be treated confidentially and are only to be used in connection with the execution of these Terms of Reference. All intellectual property rights arising from the execution of these Terms of Reference are assigned to IFC. The contents of written materials obtained and used in this assignment may not be disclosed to any third parties without the expressed advance written authorization of the IFC. 

 

Application process:

The deadline for submitting a proposal is the close of business on December 4, 2020. All interested candidates with relevant experience should submit their CV and Cover Letter at  the address : FKarimbaev@ifc.org  and FBozorova@ifc.org

In your proposal please submit a detailed implementation process of the project.


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