Undp-Mdg-00245 Resource Economist Consultant/Environmental Finance Expert Tender

Procurement Summary

Country : Madagascar

Summary : Undp-Mdg-00245 Resource Economist Consultant/Environmental Finance Expert

Deadline : 22 Mar 2024

Other Information

Notice Type : Tender

TOT Ref.No.: 98170900

Document Ref. No. : UNDP-MDG-00245

Competition : ICB

Financier : United Nations Development Programme (UNDP)

Purchaser Ownership : Public

Tender Value : Refer Document

Purchaser's Detail

Name :Login to see tender_details

Address : Login to see tender_details

Email : Login to see tender_details

Login to see details

Tender Details

Country: MADAGASCAR Mission description: Biodiversity is life on Earth. It is nature in all its forms. This provides us with the essential elements for life, society and the economy: clean air, clean water, food, entertainment, cultural fabric, climate stability.tick and contributes to many other processes improving human well-being. Biodiversity is made up of the living organisms and ecosystems that underpin our economy and provide the essential conditions for healthy and productive human life. The global economy and naturet interdependent. Nearly half of the world's gross domestic product ($44 trillion) depends moderately or heavily on nature, goods and services. More than 2.1 billion jobs depend on the effective management and sustainability of ecosystems. The central banks ofThe whole world now recognizes that the loss of biodiversity is a source of systemic risk in the same way as climate change. World Economic Forum (WEF) Global Risks Report 2021 identifies biodiversity loss, ecosystem collapse and damages environmental hazards caused by man as major risks. Risks resulting from nature loss have the potential to disrupt society and the stability of the global financial system. A collaborative approach to biodiversity and the economy is needed to go beyondunilateral development and recognize the interdependence between the economy, biodiversity and development. Businesses and financial institutions have the opportunity to manage these risks, engage sustainably with nature and achieve positive outcomes for nature, their organizations.anizations and society[1]. Although at least US$52 billion is spent annually on biodiversity worldwide, the funding need is actually estimated at US$150 to US$440 billion per year. This funding gap is a major challenge that hinders the achievementof the Strategic Plan of the Convention on Biological Diversity (CBD) and the SDGs. It can, however, be overcome, since it only represents 0.2% to 0.6% of global GDP. Madagascar is home to around 5% of the world's biodiversity. The economy of the country in general includes faunal species and flowers.oristics which constitute the raw materials for its production activities. This justifies the place to be given to the values ​​of Malagasy biodiversity in its ecological environment, its economy, its society and its culture. BIOFIN is a global partnership managed by UNDP working with countriesthe whole world to improve the financing of biodiversity. BIOFIN uses detailed national-level assessments to develop a biodiversity financing plan, drawing on qualitative and quantitative data, innovative methodologies and expert contributions.rts. It was initiated in Madagascar since 2018. The official launch of the project in Madagascar took place on July 25, 2019. Currently, the team is carrying out various analyzes for the needs of the project. BIOFIN has finalized the development of the Biodiversity Financing Planlaunched in early 2023 and continues to support the government of Madagascar in the implementation of this plan. On the other hand, as the BIOFIN project is present in several countries around the world (currently around forty), the challenge of sustainable management of biodiversity is global and the project is available.se several flagship solutions for biodiversity management and promotes these solutions globally. One of these financing solutions is the integration of the private sector, particularly the financial sector, into the process of sustainable biodiversity management. This proposal followsthe establishment of an international working group on nature-related financial reporting, the Taskforce on Nature-related Financial Disclosures (TNFD). This Taskforce has developed a framework that will help real economy businesses and financial institutions assess the impacts oftheir investments in nature and to account for the resulting risks. In 2021, the Taskforce on Nature-related Financial Disclosures (TNFD) was established in response to the growing need to consider the nature of financial disclosures.ns financial and commercial decisions[2]. It is a global, market-led initiative that aims to develop and deliver a risk management and disclosure framework for organizations to report and act on risks and opportunities linked to changing nature.ante evolution, with the intention of supporting a shift in global financial flows away from negative outcomes for nature and toward positive outcomes for nature. The TNFD framework is designed for businesses and financial institutions of all sizes, inacross sectors and across value chains, to identify and assess their nature-related issues, regardless of whether they need to disclose them to capital providers, regulators and other stakeholders. It also guides the integration of thosedecisions in business strategy and risk management processes to inform various business and capital allocation decisions. In this context, the BIOFIN project wishes to carry out an in-depth political, regulatory and institutional analysis inEU to establish an enabling environment and incentives/disincentives to increase the adoption of the nature-related financial disclosure framework. This will include an analysis of existing disclosure frameworks and related policies and regulations, as well as a national action plan to reduceaddressing the capacity gap and implementing nature finance disclosure frameworks. [1] The TNFD Nature-related Risk and Opportunity Management and Disclosure Framework Final Draft Beta v0.4 March 2023
Publish Date: 04-Mar-2024
UN Orgnization: UNITED NATIONS DEVELOPMENT PROGRAMME (UNDP)
Type of Notice: Individual consultant

Documents

 Tender Notice