The Consultant’s final result of services will be to support the Government of Costa Rica / MINAE in developing a portfolio of investable climate projects and concrete actions for resource mobilization and investment, facilitating inter-ministerial coordination of MINAE with the Ministry of Finance and the Ministry of Planning (MIDEPLAN) (at the least), and promoting coherence between climate priorities and the country’s macroeconomic, fiscal, and development planning.
This approach could serve as a working model for other countries in the region in strengthening impactful climate investments.
Specific outputs include:
1. Consolidation of a prioritized portfolio of climate investment projects based on the guidelines of the Senior Climate Finance Advisor.
2. Propose an interministerial coordination framework on climate finance, describing every component of the framework.
3. Design and implement a partnership model for potential financial partners (identified) and the private sector – starting with the support of the NDC Act & Invest project.
4. Develop a methodology for the development of a portfolio of investable climate projects that could be replicated at the regional level.
5. At least three (3) strategic alliances to mobilize resources, thereby consolidating the commitments of NDC 3.0, the Decarbonization Action Plan, and the National Adaptation Plan 2022-2026 into tangible results. Note that the strategic alliance must include at least one financial institution or source of climate finance.
6. One concept note for a project proposal targeting a strategic NDC contribution (to be determined by DCC MINAE), considering the hey requirements international funding organizations such as GCF, Adaptation Fund, IKI (the content and structure will be agreed with DCC).
7. Handbook on the basics on climate finance tailored for the national institutions and public servants considering the macroeconomic, fiscal, and development context of Costa Rica.
8. Training on basics on climate finance for representatives of national and local institutions, including as subjects the international (regional, global) funds and organizations, different profiles and areas of interest for support and investments and the role of public institutions.
The details for each of these outputs will be discussed at the start of the assignment.