BBRSO117792: Finance Expert to develop a detailed financial plan for the implementation of Grenada’s NDC

Contract

This is a International Consultant contract. More about International Consultant contracts.

Background

To apply, interested persons should upload the combined* Technical Proposal/Methodology (if applicable), CV and Offeror’s Letter to “UNDP Jobs” by navigating to the link below and clicking “APPLY NOW”, no later than the date indicated on the “UNDP Jobs” website. Applications submitted via email will not be accepted**: -

UNDP Job Site – https://jobs.undp.org/cj_view_job.cfm?cur_job_id=95497 (cut and paste into browser address bar if the link does not work)

*** PLEASE NOTE****: The system allows the upload of one (1) document ONLY – if you are required to submit a Technical Proposal/Methodology, this document along with your CV and Offeror’s Letter, MUST be combined and uploaded as one.

NOTE: The Financial Proposal should not be uploaded to “UNDP Jobs” **.

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**Please email the password-protected Financial Proposal to [email protected]. The subject line of your email must contain the following: “BBRSO##### Financial Proposal – Your Name”

If the password for your Financial Proposal is required, it will be requested by the Procurement Unit.

Any request for clarification must be sent in writing to [email protected] within three (3) days of the publication of this notice, ensuring that the reference number above is included in the subject line.

The UNDP Barbados & the OECS Procurement Unit will post the responses two (2) days later, including an explanation of the query without identifying the source of inquiry, to:

http://procurement-notices.undp.org/view_notice.cfm?notice_id=73026 (cut and paste into browser address bar if the link does not work)

A detailed Procurement Notice, TOR, and all annexes can be found by clicking the above link.

*** UNDP shall endeavour to provide such responses to clarifications in an expeditious manner, but any delay in such response shall not cause an obligation on the part of UNDP to extend the submission date of the Proposals, unless UNDP deems that such an extension is justified and necessary

Under the 2015 Paris Agreement, countries unanimously agreed to work toward global goals that would limit global average temperature rise. A key principle in the Paris Agreement is that no country should backslide on its intentions, which were put forward in their Nationally Determined Contributions (NDCs), which describe each country’s selfdetermined strategy for curbing GHG emissions, typically in five- or ten-year periods and can also include plans to increase resilience. Individually, NDCs represent each country’s climate priorities and vision for achieving sustainable development. Aggregated, they represent the world’s collective efforts to fight climate change. However current NDCs are estimated to collectively result in a temperature rise of 2.9 to 3.4 °C by 2100. All countries are expected to submit increasingly ambitious NDCs every five years; a first opportunity to do so is in 2020. Achieving the Paris Agreement’s goals will require an emissions peak as soon as possible, followed by sharp reductions in GHG emissions. Therefore, many see high ambition in 2020 as fundamental to get on track to 1.5°C and counter a worrying trend of rising emissions. The transformative climate action required needs a global commitment to raising ambition, articulated in the next generation of NDCs, to create economic drivers that shift investments away from fossil fuel use and carbon-intensive practices. In the lead-up to the UN Climate Summit, UNDP and UNFCCC released the most comprehensive review to date of global ambition. The report reiterated that the choices made on ambition in 2020 would have profound consequences for future generations and required the world to move beyond business-as-usual as quickly as possible. It also highlighted that 2020 intentions represent a ladder of opportunity where advocacy efforts could potentially be undertaken at each level to persuade a country to undertake a positive step-change in ambition, e.g., a country that had no plans to revise its NDC submit an updated one, a country focused on adaptation ambition also increases mitigation ambition, etc. In response, UNDP is leveraging its extensive climate portfolio and scale up urgently needed support for NDC enhancement in 100 countries, working in close collaboration with UN system partners (e.g., UNEP, FAO, UNICEF), IRENA, the NDC Partnership, the Green Climate Fund, and other strategic partners. An integrated approach will be used that harnesses the wide-ranging expertise of UNDP’s Global Policy Network to strengthen climate solutions with perspectives from governance, health, water, gender equality, women’s and youth empowerment, disaster risk reduction, and inclusive growth, among others. The UNDP through its Climate Promise initiative is assisting Grenada in their efforts to update their Nationally Determined Contributions (NDCs). UNDP will support activities that will contribute to raised mitigation and adaptation ambition in the revised NDC. It is expected that the implementation of the NDCs will be closely linked to global and local goals and agreements such Sustainable Development Goals (SDGs), the country’s NAP and other national sectoral policies. The country will be revising their NDC and is seeking to develop a comprehensive financial plan which includes the cost of NDC implementation disaggregated by sector, and investment proposals to attract private sector funding for NDC implementation and the development of a manual to classify climate related expenditure in the national budget.

Duties and Responsibilities

The main objective of this assignment is to develop a detailed financial plan for the implementation of Grenada’s NDC. The plan should be disaggregated by sector and must include investment proposals to attract private sector and international funding. Further, it should build on the preliminary costing that was done as a part of the 2020 NDC submission. As such, the engaged expert is expected to provide the following: • Assessment of costs and benefits of priority actions within each sector in the revised NDC. • Analysis of available local and international public and private investments for Climate Change/Environmental initiatives and recommendations of the use of these funds for the implementation of the NDC priority actions • Review the climate finance landscape in the country and assess funding gaps that require international support and private sector investments to enable Grenada to be on track to reaching the targets under the NDC* • Identify sectoral investment opportunities for private financing as well as barriers and recommendations to address barriers to guide government policy and regulations to encourage investment.

The main objective of this assignment is to develop a detailed financial plan for the implementation of Grenada’s NDC. The plan should be disaggregated by sector and must include investment proposals to attract private sector and international funding. Further, it should build on the preliminary costing that was done as a part of the 2020 NDC submission. As such, the engaged expert is expected to provide the following:

• Assessment of costs and benefits of priority actions within each sector in the revised NDC.

• Analysis of available local and international public and private investments for Climate Change/Environmental initiatives and recommendations of the use of these funds for the implementation of the NDC priority actions

• Review the climate finance landscape in the country and assess funding gaps that require international support and private sector investments to enable Grenada to be on track to reaching the targets under the NDC*

• Identify sectoral investment opportunities for private financing as well as barriers and recommendations to address barriers to guide government policy and regulations to encourage investment

Develop a roadmap/manual for the classification of climate related expenditure in the national budget

• Conduct climate finance workshop to raise awareness and train relevant staff on the use of the manual for climate budget/expenditure tagging

• Host stakeholder consultations to report findings

Competencies

Functional competencies:

o Strong interpersonal skills, communication and diplomatic skills, ability to work in a team.

o Openness to change and ability to receive/integrate feedback. o Ability to work under pressure and stressful situations.

o Strong analytical, reporting and writing abilities.

o Excellent public speaking and presentation skills. •

Organisational competencies:

o Excellent organizational skills, especially for writing reports and facilitating meetings.

o Strategic vision, strong technical and analytical capabilities on development finance

o Strong understanding of regulatory frameworks and financial instruments

Required Skills and Experience

Master’s degree in Finance, Economics, Environment or related field with minimum of 7 years relevant experience • BSc and 10 years of relevant experience in climate finance acceptable in lieu of Masters.