- Country: USA
- Summary: Caribbean Regional Green Taxonomy Development
- UST Ref No: 126746729
- Deadline: 29 Sep 2025
- Financier: World Bank (WB)
- Purchaser Ownership: Government
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: 0002018089
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- Description:
- The English-speaking Caribbean (ESC) ishighly vulnerable to climate change impacts like hurricanes, rising sea levels,and droughts, which harm ecosystems and livelihoods. Climate-sensitive sectors,such as tourism (13.9% of GDP), face annual losses of 3.6% of GDP due tonatural hazards. Despite contributing minimally to global emissions, ESCcountries struggle with heavy debt from disaster recovery, with a debt-to-GDPratio of 77% in 2023. Limited fiscal space and exposure to external shocksfurther hinder disaster management and development. The region requiressignificant investment to meet climate goals and enhance resilience but faces agrowing climate finance gap. Caribbean SIDS need 26.56billion for mitigation and 26.564 for adaptation by 2030 yet has secured only $800 million fromclimate funds. Private finance is thus crucial for transitioning key sectors suchas energy, agriculture, and tourism to low-carbon and climate-resilient models,by providing capital for green technologies, infrastructure upgrades, andsustainable business practices. Under its Green Finance Programme forthe Caribbean, IFC is supporting the implementation of enabling environmentreforms, including the definition of a green taxonomy, and the design of marketguidelines aligned with international best practices and market standards, thathelp to catalyze climate finance in the region. A well-defined and structuredtaxonomy can support better-informed and more efficient decision making andresponse to investment opportunities that contribute to achieving nationalenvironmental objectives. In the absence of formally agreed-upon definitions,market actors tend to introduce their own; the result is a lack ofcomparability, reliability, accountability, and higher transaction costs. Aregional green taxonomy is useful to provide guidance on the overall financialmarket in the Caribbean.
90 - CONTRACT CONSULTANTS - Documents:
FV-ToRs-for-Firm-Regional-Green-Taxonomy-Caribbean.docx
FV-ToRs-for-Firm-Regional-Green-Taxonomy-Caribbean.docx
TPRM-RESULT-FOR-0002018089.pdf
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CLICK HERE TO LOGINCaribbean Regional Green Taxonomy Development - USA Tender
The WORLD BANK(WB), a Government sector organization in USA, has announced a new tender for Caribbean Regional Green Taxonomy Development. This tender is published on USARFP under UST Ref No: 126746729 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-09-29.
The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.
