Loss and damage – innovative finance solutions - mapping and feasibility study
This procurement procedure is commissined by the Ministry of Environment on behalf of the Nordic Working Group of Climate and Air (NKL) under the auspices of the Nordic Council of Ministers.
The tender procedure comprises:
The scope of the study is to map and identify innovative solutions for additional support to developing countries that are particularly vulnerable to climate induced loss and damage. Funding for responding to loss and damage may come from a variety of sources. Some of them new, others not. Existing sources may be brought into use in new contexts, thereby offering innovative ways of mobilizing support in a climate change context. Funding may come from public sources, private sources or a combination, including in which public funds may be used to catalyze additional finance at a large scale. Examples include guarantees, various types of green climate or catastrophe bonds, share of proceeds from carbon trading, and various types of lending and loan-swap arrangements. The study will also include an analysis of revenues raised through various types of taxation, including within transport (air and shipping), and how such revenues can be earmarked for loss and damage purposes within national budgets as well as an assessment of pros and cons of the types of sources and solutions identified in the study.
a) Map and identify innovative solutions for additional support to developing countries that are particularly vulnerable to climate induced loss and damage.
b) Map ways in mobilizing financial sources for support to developing countries that are particularly vulnerable to climate induced loss and damage. The mapping should include both public sources, private sources or a combination, including in which public funds may be used to catalyze additional finance at a large scale.
c) Analysis of revenues raised through various types of taxation.
d) Assessment of pros and cons of the types of sources and solutions identified in the study
The study will be mainly a desk study, but may involve interviews with relevant stakeholders.
Output and Communication:
The institution carrying out the research study will deliver:
1. A short project description
2. A main research report/mapping with a feasibility study
3. A policy brief.
4. A power point presentation with the main results
5. A public workshop/seminar.
6. A side event to present the report to be arranged at COP28.
7. A short final report with accounts for internal NCM administrative purposes
The Nordic steering group will decide on whether to publish the report and policy brief within the NCM web publication series. The project provider must present the manuscript and necessary summary (both English and a Scandinavian language), draft twitter text etc. according to the NCM publication guidelines: https://www.norden.org/en/information/due-release-publication
1. Project description (DL 02.06.2023):
A short project description, including expected outcomes, (one A4) in English. The project description can be used to communicate about the project, e.g. as a press release or online.
2. Project report (DL final manuscript 01.10.2023 and DL publication of report 21.11.2023):
The study is to be compiled into a main report for publication structured according to the Nordic Council of Ministers’ publishing guidelines. For more detailed technical information, see the guide for publication (https://www.norden.org/en/information/due-release-publication ). The format will be decided when receiving the first draft report. The project manager and NKL contact person or coordinator and the NCM publication unit will be in dialogue with regard to the project report. A draft report should be presented to the steering group and NKL by 05.09.2023 for comments. The final manuscript to be sent to the publication unit 01.10.2023. The report shall be ready for publication by 21.11.2023.
3 Policy brief(s) (DL 15.10.2023):
One policy brief should be aimed at providing input to loss and damage fund processes in the lead up to COP28 and beyond. ,
4. A power point with main project features and results (DL 21.11.2023)
A power point with the main results to be used by the steering group or NCM to present the project and be used in outreach activities (see output 6)
5. Seminar/workshop (DL: September 2023):
The supplier will present the preliminary findings at a public workshop/seminar with a view to receive input for finalizing the study. The timeline will take into account the schedule of the three meetings of the transitional committee and the two workshops on financing arrangements that, according to the COP27 decision, must be held before COP28. Furthermore, the timing of the workshop/seminar may also take into account relevant Nordic and international events (e.g. the June Summit for a new Global Financing Pact and the IMO July Council meeting) where innovative financing mechanisms will be discussed. A suitable timeline is to be suggested by the project provider, but could be adjusted in dialogue with the project steering group. The format and audience to be decided by the steering group after suggestions by the supplier.
6. Side event COP28 (during COP28: 30.11.2023-12.12.2023) (DL for PowerPoint presentation for the event: 21.11.2023):
A presentation of results and possible suggestions for further research on critical gaps in knowledge and policy may be delivered as a side-event at the United Nations Climate Change Conference COP28. .
Presentations under output 5. and 6. are to be determined in consultation with the steering group and delivered digitally if required. A powerpoint presentation and short written briefing material to be used in conjunction with the presentation with results and suggestions for critical gaps in knowledge and policy to be sent to the steering group and/or NKL at least one week prior to the event for comment and adjustments by the steering group and/or NKL.
6. Final report with accounts (DL: 15.12.2023):
A short final report with accounts for internal reporting purposes to be submitted to and approved by the NKL/MIM before the disbursement of the final payment. The template for this document will be sent by the NKL coordinator upon request.
The main report and policy brief (output 2 and 3) will be made publicly available free of charge through the Nordic Council of Ministers’ (NCM) website and relevant dissemination channels, if not otherwise decided by the steering group.
The language of all the publications as well as communication with the steering group is English, however, the final published report shall have a summary both in English and in a Scandinavian language. The translation is the responsibility of the supplier, and the costs of the supplier’s supporting the NCM graphic designer with necessary information for web publishing, translation of the summary and language check shall be included in the project budget. However, the actual cost for web publishing and graphic design will be covered by the NKL.
The steering group and NKL will decide if the project report shall be published online by the Nordic Council of Ministers at www.norden.org. NKL will decide if the publications should be printed, when the work is completed. Costs of printing the publications will not burden the project budget.
The project manager must be prepared to present the status of the project to the steering group at their meetings as a minimum according to the time schedule, to be prepared by the project manager.
For more information on Q&A, how to apply etc., please see attached tender specifications.