Published date: 29 March 2023

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


Closing: 6 January 2023, 11:59pm

Contract summary

Industry

  • Research and development consultancy services - 73200000

Location of contract

SW1P 3JR

Value of contract

£48,275

Procurement reference

CF-0054200D8d000003VQwdEAG

Published date

29 March 2023

Closing date

6 January 2023

Closing time

11:59pm

Contract start date

30 January 2023

Contract end date

31 March 2023

Contract type

Not applicable

Procedure type

Call-off from a framework agreement

A mini-competition or direct purchase from a pre-established framework agreement.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

This project builds on 'The Economics of Biodiversity: The Dasgupta Review' published by HM Treasury in February 20211, with a view to strengthening the economic case for biodiversity.

Whilst there have been some helpful studies on nature and biodiversity such as the World Bank Group's 'The Economic Case for Nature', 2
further work is needed to address the remaining gaps and ensure the economic evidence is robust and compelling to shape an ambitious post-2020 global biodiversity framework and other international agreements.

In particular, evidence gaps remain in accounting for how biodiversity ecosystems decline affect a variety of social and economic issues such as GDP growth, poverty, health, food security and energy security. Given the many interlinkages of these impacts, the methodological approaches in assessing these are not understood well. More clarity is needed to evaluate the existing economic tools and their ability to effectively measure the impacts, and where additional qualitative analysis may be needed.

Aims and Objectives

The aim of this scoping project is to identify the requirements for a comprehensive study that presents a robust economic case for the scale of intervention needed to address biodiversity loss at the global level. This will include:

• Defining the gaps in evidence and data linking the economic impacts of biodiversity and ecosystems decline, in the UK and globally.

• Exploring the different methodological approaches for investigating the cost of inaction on global biodiversity loss on UK GDP.

• Evaluating the ability of available economic tools and models to measure the impact

3 See The Dasgupta Review, Chapter 13: The Economics of Biodiversity: The Dasgupta Review (publishing.service.gov.uk)

4 See: Biodiversity-and-financial-stablity_building-the-case-for-action.pdf (lse.ac.uk) and World Bank Document of halting and reversing biodiversity loss and restoring ecosystems on economic growth.

• The qualitative impacts of halting and reversing biodiversity loss and restoring ecosystems on health and societal wellbeing.

Award information

Awarded date

26 January 2023

Contract start date

30 January 2023

Contract end date

31 March 2023

Total value of contract

£48,275

This contract was awarded to 1 supplier.

ICF Consulting Services Limited

Address

ICF Consulting Services Limited Riverscape 10 Queen Street Place London EC4R 1BE

Reference

None

About the buyer

Contact name

Felicity Jowett

Address

Horizon House Deanery Road,
Bristol
BS1 5AH
UK

Email

felicity.jowett@defra.gov.uk