Published date: 25 October 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 19 April 2023, 1pm

Contract summary

Industry

  • Foreign economic-aid-related services - 75211200

Location of contract

SW1A 2EG

Value of contract

£5,000,000

Procurement reference

tender_343013/1273121

Published date

25 October 2023

Closing date

19 April 2023

Closing time

1pm

Contract start date

9 October 2023

Contract end date

9 October 2025

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The Lowering Emissions by Accelerating Forest Finance (LEAF) Coalition is a voluntary global coalition bringing together the private sector and governments to provide finance for tropical and subtropical forest conservation through carbon markets. The UK Government played a key role launching the LEAF Coalition in April 2021, alongside the US and Norwegian governments. At the World Leaders Summit at COP 26 the LEAF Coalition announced it met its initial goal of mobilising $1 billion USD for countries and states committed to increasing ambition to protect tropical and sub-tropical forests and reduce deforestation. At COP27 it announced that a further $500m has been mobilised, with 100% coming from private companies. Funding will be delivered to jurisdictions that successfully reduce emissions from deforestation and degradation. This will be done through payments for verified emission reductions - payments which are made only after reductions in deforestation have been independently confirmed.

Due to the complexity and number of different requirements needed to transact carbon credits under the LEAF programme, the UK hopes to design a bespoke technical assistance (TA) programme to support countries that are close to signing emissions reductions payment agreements (ERPAs). And those where strategic projects and technical support could unblock national approval for subnational participation in LEAF. The LEAF TA programme would be demand led by forest country governments (with direct input from the Authority and Embassy colleagues) to find out what their specific needs and support requirements are. This would enable them to engage/sign up to the LEAF coalition more quickly and comfortably. The overall aim of the programme is to help them sign their ERPAs, generate the credits and ultimately received results-based payments.

This Contract is for a TA delivery partner to lead on the design and implementation of this programme of support, working closely with the Authority and UK embassies.

The Agreement is for £5,000,000 and for 2 years (the Initial Term). If agreed by both parties, the Contract may be extended beyond the Initial Term by up to 24 months and up to an additional £3,000,000. This was published in the tender documentation.

More information

Previous notice about this procurement

LEAF Coalition Targeted Technical Assistance Facility

  • Opportunity
  • Published 28 February 2023

Attachments

Additional text

Redacted Contract and Redacted Schedules

Award information

Awarded date

9 October 2023

Contract start date

9 October 2023

Contract end date

9 October 2025

Total value of contract

£5,000,000

This contract was awarded to 1 supplier.

Ricardo-AEA Ltd

Address

Shoreham Technical Centre, Old Shoreham Road, Shoreham-by-Sea, West Sussex, BN43 5FG.

Reference

Companies House number: 08229264

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

Department for Energy Security and Net Zero
London
SW1A 2EG
England

Email

internationalclimateandenergy.procurement@energysecurity.gov.uk