RFP/EF/2406/27 Establishing a Natural Capital Valuation Review Mechanism - Tenders Global
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RFP/EF/2406/27 Establishing a Natural Capital Valuation Review Mechanism

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United Nations Development Programme

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Introduction :


Establishing a Natural Capital Valuation Review Mechanism.


The Millennium Ecosystem Assessment’s approach is premised on the notion that management decisions generally involve trade-offs among ecosystem services and that quantitative and scientifically based assessment of the trade-offs is a necessary ingredient for sound decision-making.

For evidence-based development decisions, it requires “the integration of natural capital data into decision-making and policy” which is referred to as a Natural Capital Approach, which recognizes the link between climate change, biodiversity loss, and development potentials, and brings greater benefits for people, nature and economies. Natural capital data can be generated through natural capital assessment and Natural Capital Accounting which is a statistical framework for systematically measuring and valuing natural capital, i.e., the natural stocks and the flows of benefits they provide. 
 

The National Planning Department has made a pioneering effort to mainstream natural capital valuation-based policy and decision-making through working with other stakeholders to adopt the UK Green Book to Sri Lanka with the support of Early Action Support to Global Biodiversity Framework project implemented by UNDP. As a support to this pioneering effort of the Government of Sri Lanka, UNDP has agreed to facilitate a Natural Capital Valuation Clearing House Mechanism (NCVCHM) in Sri Lanka.

OBJECTIVE AND SCOPE OF INTERVENTION

The overall scope of this assignment is to support the GoSL to identify the priorities in the natural capital valuation sector that will enable the government to establish effective natural capital accounting in development decision making processes in the country.
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Scope

This assignment consists of  four main outputs:

1.           Establish a clearing house mechanism for the studies already compiled on natural capital valuation in Sri Lanka in collaboration with all the relevant organizations such as universities and other research organizations with an interest in the area.

2.       Identify, and prioritize the strategically important natural capital stocks that valuations need to be completed in Sri Lanka

3.        Develop a national dialogue to create a common understanding of the natural capital assessment and natural capital accounting system.

    Initiate a policy dialogue and series of discussions to agree on a roadmap to mainstream natural capital valuation in the decision-making process including the identification of capacity-building requirements

 Please refer to the TOR for details.

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UNDP Sri Lanka


Procurement Unit

Documents :

Negotiation Document(s)
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UNDP-LKA – SRI LANKA

Deadline :

25-Jun-24 @ 04:30 AM (New York time)

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