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REQUEST FOR EXPRESSIONS OF INTEREST- DEVELOPMENT FINANCE CORPORATION (DFC): CONSULTANCY TO STRENGTHEN CAPACITY IN DUE DILIGENCE FOR CLIMATE RISK ASSESSMENT OF SUB PROJECTS.
The Development Finance Corporation (DFC) has embarked a bold Strategic Development Plan – “Strategy 2021: Building resilience against Climate Change and Economic Volatility”. A strategic priority of the plan is building resilience to the effects of climate change, and to ensure that consideration of climate change risks is reflected throughout DFC’s lending operations. Within this context, the Caribbean Development Bank (CDB) approved a technical assistance grant to integrate appropriate climate risk assessment provisions into DFC’s investment policies and procedures, and to strengthen staff skills in order to improve the Corporation’s overall due diligence process in its credit function to ensure the sustainability of its operations.
DFC now wishes to procure consultancy services to strengthen its capacity in due diligence for climate risk assessment of financed sub projects (credit lines). The overall objective of the technical assistance is to improve the institutional capacity of DFC to assess and manage climate risks in its credit delivery and administration processes. The detailed Terms of Reference for this consultancy can be viewed on the DFC’s Website at www.dfcbelize.org
DFC now invites interested eligible individual consultants (or groups) to submit Expressions of Interest for the provision of these consultancy services. Consultants must be from member countries of CDB. The attention of interested Consultants is drawn to paragraph 1.9 of CDB’s Guidelines for the Selection and Engagement of Consultants (2011), setting forth CDB’s policy on conflict of interest. Consultants will be selected in accordance with CDB’s procurement guidelines.
Principal qualifications and experience required to conduct the assignment include:
The following requisite qualifications and experience are required:
- master’s degree qualifications in Climate Risk Assessment, Environmental/ Disaster Risk Assessment or a related field;
- a minimum of 5 years working experience in the areas of climate vulnerability and risk assessments; and
- Experience with training adults for professional development;
- Experience in the implementation of similar projects would be an asset. Specific experience in the Caribbean context is desirable; and
- Resources with excellent written and verbal communication skills.
All information must be submitted in English. Expressions of interest must be delivered in a sealed envelope to the DFC Headquarters at the address listed below no later than 16:00 hours on March 1, 2019. Sealed envelopes containing the submission should include the name and address of the applicant or applicants and should be clearly marked “EXPRESSION OF INTEREST– CONSULTANCY TO STRENGTHEN DFC CAPACITY IN DUE DILIGENCE FOR CLIMATE RISK ASSESSMENT OF SUB PROJECTS.
DFC reserves the right to accept or reject late applications or to cancel the present invitation partially or in its entirety. The DFC will not defray any costs incurred by any applicant in the preparation and submission of Expressions of Interest.
Applicants will be advised in due course of the results of their application.
The Chief Strategist/ Climate Champion.
Development Finance Corporation
P. O Box 40
City of Belmopan
Belize, C. A.
Tel: 1 (501) 822 – 2235/60
“Belize to launch the Caribbean’s first Energy Efficiency Financing Facility under the Energy for Sustainable Development in Caribbean Buildings (ESD) Project”
PRESS RELEASE – Belmopan, Belize; October 17, 2017 – The Caribbean Community Climate Change Centre (CCCCC/5Cs) and the Development Finance Corporation (DFC) are scheduled to sign a Memorandum of Agreement launching the first Caribbean Regional Energy Efficiency Pilot Financing Facility for investments in Energy Efficiency (EE) and Renewable Energy (RE). The event is scheduled for Tuesday, October 17, 2017, at 10:00 a.m., at the CCCCC Training Room, Lawrence Nicholas Building, Ring Road, Belmopan, Belize.
The new EE Financing Facility was made possible with a grant of USD 200,000 under the Global Environment Facility-United Nations Environment Programme (GEF-UNEP) Energy for Sustainable Development in Caribbean Buildings (ESD) Project, with co-financing of USD 800,000 from the DFC. The pilot financing facility is intended to provide the foundation for the development of a self-sustaining financing window within the DFC to facilitate increased investments in EE and RE. The work was jointly spearheaded by the DFC, the CCCCC/5Cs and the Caribbean Development Bank (CDB), with assistance from the GEF and UNEP, in developing innovative sustainable energy solutions that benefit the country and people of Belize.
It is recognized that globally, buildings account for over a third of total energy use and associated greenhouse gas (GHG) emissions; typically, 10 to 20 percent (depending on building type) of the total life‑cycle energy consumed is used for the manufacturing and assembly of building materials, construction, maintenance, refurbishment and demolition. Some 80 to 90 percent is used over the life of the building for heating, cooling, lighting and ventilation, house appliances, etc. In Belize, for example, the buildings sector (commercial, domestic, and institutional) is the largest consumer of electricity and accounts for more than 90 percent of total electricity consumption. It is therefore, the largest source of GHG emission after the transportation sector. The Project aims to achieve a minimum reduction of 20 percent in electricity use in the pilot activities that are to take place during 2014 – 2018.
- Hon. Frank Mena, Minister of State, Ministry of Labour, Local Government, Rural Development, Public Service, Energy & Public Utilities
- Dr. Kenrick Leslie, CBE, Executive Director, Caribbean Community Climate Change Centre
- Ms. Natalie Goff, General Manager, Development Finance Corporation
WHAT: OFFICIAL SIGNING CEREMONY: GEF-UNEP ESD PROJECT “BELIZE ENERGY EFFICIENCY PILOT FINANCING FACILITY”
WHEN: Tuesday, October 17, 2017, 10:00 a.m.
WHERE: Caribbean Community Climate Change Centre, Lawrence Nicholas Building, Ring Road, Belmopan, Belize
The Energy for Sustainable Development in Caribbean Buildings (ESD) Project represents the first regional project that is piloting energy efficiency improvements in the economy of member states in the Caribbean Community (CARICOM). Buildings are identified to be the major consumers of electricity across the region, as a result, the Project focuses on the building sector for improving the efficiency of energy use.
Peruse the official Background Note – Blended Grant Loan Finance Mechanism – ESD Project (2013)
The Caribbean Community Climate Change Centre coordinates the region’s response to climate change. Officially opened in August 2005, the Centre is the key node for information on climate change issues and the region’s response to managing and adapting to climate change. We maintain the Caribbean’s most extensive repository of information and data on climate change specific to the region, which in part enables us to provide climate change-related policy advice and guidelines to CARICOM member states through the CARICOM Secretariat. In this role, the Centre is recognised by the United Nations Framework Convention on Climate Change, the United Nations Environment Programme, and other international agencies as the focal point for climate change issues in the Caribbean. The Centre is also a United Nations Institute for Training and Research recognised Centre of Excellence, one of an elite few. Learn more about how we’re working to make the Caribbean more climate resilient by perusing The Implementation Plan.