AFRICAN DEVELOPMENT BANK
CLIMATE CHANGE AND GREEN GROWTH DEPARTMENT (PECG)
REQUEST FOR EXPRESSIONS OF INTEREST FOR CONSULTING FIRMS
- The African Development Bank (AfDB) hereby invites Consulting Firms to indicate their interest in the progress on the development and implementation of Green Banks and National Climate Change Funds in Africa via the creation of a Green Bank Catalytic Program.
- Through the Climate and Green Growth Department (PECG), AfDB seeks to invite expressions of interest from firms to continue from the work recently undertaken to identify potential institutions among CIF countries to host Green Banks and National Climate Change Funds in Africa and define pipelines of projects to be supported. The primary purpose of the assignment is to commence the implementation of the “Green Bank Catalyst Program” (GBCP) in the six selected countries, with the possible addition of further countries if budget and resources allow. For more details, refer to the annex.
- PECG invites Consulting Firms to indicate their interest in providing the above-described services. Interested eligible firms or associations of firms shall provide information on their qualifications and experience while demonstrating their ability to successfully provide the services (documentation, references for similar services, experience in similar assignments, availability of qualified staff, etc.).
- The eligibility criteria, the establishment of a short list and the selection procedures shall be in conformity with the Presidential Directive No 02/2012 Concerning the Procedures for Acquisition of Consulting Services funded by the Administrative or Capital Expenditure Budget of the Bank Group and its Implementation Manual. Please note that interest expressed by a Consulting Firm does not imply any obligation on the part of the Bank to include that firm in the shortlist.
- The assignment is expected to last for a period non exceeding 12 months and the estimated starting date is August 2021. In case of need, Interested Consulting firms may obtain additional information by contacting the email addresses below during the Bank’s working days, from 09:00 to 17:00 hours.
- Expressions of interest must be delivered via email to the addresses below no later than July 16, 2021, at 17:00 Abidjan local time and specifically mention “Progress on the development and implementation of Green Banks and National Climate Change Funds in Africa via the creation of a Green Bank Catalytic Program”.
For the Attention of: Phillips Gareth, Division Manager, PECG.1 African Development Bank.
Tel: +225 2026 4253
[email protected]
With Copy to: [email protected] [email protected]
Annex :
The African Development Bank Group (AfDB) with the support of Climate Investment Fund (CIF) recently completed a scoping report to identify the potential for Green Banks and National Climate Change Funds in six African countries (Mozambique, Zambia, Benin, Ghana, Uganda and Tunisia). The report concluded that there are existing institutions that could take on these roles as well as demand for low carbon and climate resilient projects particularly in off-grid / mini-grid renewable energy, climate resilient agriculture and climate resilient urban infrastructure. In further consultation with partners including the Global Center for Adaptation, Africa Regional Office (GCA), the Renewable Energy and Energy Efficiency Program (REEEP) and the Green Climate Fund (GCF) there is interest to mobilize Technical Assistance grants and capital to support Green Banks and interest and experience in the development of financing instruments that can be applied to adaptation and mitigation investment opportunities at a national scale. Green Banks and supporting infrastructures can provide resources to implement pipelines of suitable projects which can include un-funded projects identified in CIF Investment Plans.
CONTEXT :
Climate change is a fundamental development issue for Africa. Nowhere are the challenges of achieving sustainable development in the face of a changing climate more acute than in Africa– 70% of the top ten most climate vulnerable countries in the world are in Africa. A rapidly warming planet, devasting impacts of climate and extreme weather events alongside an evolving COVID-19 crisis are creating conditions that are unsustainable if no action is taken.
The Climate Investment Funds were formed to help developing countries pilot low-emissions and climate-resilient development. As part of the process of support low carbon and climate resilient development, the CIF supported MDBs to undertake extensive stakeholder consultation to create Investment Plans and Strategic Plans for Climate Resilience in selected countries. Not all the identified projects could be implemented due to lack of funding and since then, the demand for projects has grown substantially.
Meanwhile new Green Banks have demonstrated that the Green Bank Design Model can successfully mobilize capital from multiple sources, including local currency, to provide context specific financial products to support to suitable projects. Many national institutions are already capable of developing pipelines of projects and with capacity building support, they can play the role of National Climate Change Funds (NCCF) to develop pipelines of low carbon and climate resilient projects.
The Bank, in partnership with GCA, recently launched the African Adaptation Acceleration Program (AAAP) which envisages a role for Green Banks in significantly scaling up access to climate finance for adaptation. Resource mobilization efforts under the AAAP may provide a source of TA grants and capital funds to build capacity and capitalize Green Banks and support the development of NCCF to build pipelines.
DUTIES AND RESPONSBILITIES
The Consulting Firm will report to the Manager, Climate and Environment Finance (PECG1) within the Climate Change and Green Growth Department (PECG) of AfDB. The Consulting Firm will continue from the work recently undertaken to identify potential institutions among
CIF countries to host Green Banks and National Climate Change Funds in Africa and define pipelines of projects to be supported. The primary purpose of the assignment is to commence the implementation of the “Green Bank Catalyst Program” (GBCP) in the six selected countries, with the possible addition of further countries if budget and resources allow. A detailed list of likely deliverables and associated time inputs will be agreed upon commencement of the assignment and specific deliverables will be confirmed periodically throughout the assignment. The Consulting Firm will:
- Complete a mapping of existing green financing initiatives in the selected CIF countries and work with partners to ensure that efforts are focused on one initiative, avoiding any duplication of effort ;
- Work to secure the buy-in of host institutions and Ministries for the creation of these financing vehicles ;
- Continue consultation with stakeholders to prepare detailed road maps, work plans and resource requirements for the implementation of the GBCP in each selected country ;
- Identify specific un-funded projects from CIF Investment Plans and illustrate how these projects can be funded by a Green Bank ;
- Consult with the African Adaptation Acceleration Program as a potential source of TA grant and investment capital funds for the GBCP ;
- Present a detailed report including road maps, resource requirements and terms of reference for the implementation of the GBCP ;
- Present the findings at an international climate event.