Third Party Validation of Project level GHG accounting of WB Investment Projects

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Tender Organisation:

IBRD/IDA

Tender Sector:

IT-Software Tenders

Tender Service:

Worldwide

Tender Region:

Americas

Tender Country:

USA

Tender CPV:

66100000 : Banking and investment services

Tender Document Type:

Tender Notice

Tender Description:

The World Bank (IBRD/IDA; the bank hereinafter) introduced mandatory accounting of GHG emissions (GHG) for investment project financing (IPF) in 2012. GHG accounting is currently undertaken at the project level using the Bank-endorsed methodologies/guidance/tools for the following sectors: energy; forestry; agriculture; transport; water; and urban (Solid Wastes; in particular). GHG accounting is done prior to project appraisal as an ex-ante estimate that includes project emissions (gross/absolute emissions); baseline emissions; and net (relative) emissions. The Bank annually reports in its corporate scorecard (CSC) ; the aggregate ex-ante net emissions and emissions reductions from its investment lending projects in key sectors mentioned above. Further; the Bank is committed to reporting aggregated absolute GHG emissions. Operational teams in Global Practices (GPs) perform the GHG calculations with the technical support of the GHG team at the Climate Change Group (CCG) and sector-specific GHG focal points at GPs. In the fiscal year 2018; the CCG introduced an additional layer of quality assurance (QA) involving third-party validation to ensure that the GHG estimates (baseline; absolute and net) and application of Shadow Price of Carbon (SPC) in the economic analysis of projects are accurate/conservative and aligned with the requirements prescribed under the respective Bank endorsed GHG accounting methodology(ies) and Guidance on SPC.  Overall; the primary purpose of the QA/QC process is to ensure the robustness of the analysis and estimates before the numbers are made public.  The CCG shares the results of the third-party validation and any potential recommendations to improve the estimates with the respective Global Practice as a service.The QA/QC process has also an important role to play against evolving need for quality GHG estimates and its complementarity with other corporate requirements and beyond at the Bank; e.g.; demonstration of emissions reduction under the MDB common principles on Climate Mitigation Finance Tracking;  GHG reporting as part of the Task Force on disclosure of financed emissions (TCFD); and Sustainable Development /Green Bonds reporting. The Bank is also currently in the process of piloting to expand the coverage of GHG accounting to other sectors/sub-sectors and lending instruments such as Program for Results (PforR). QA/QC process may be utilized where GHG estimates are being conducted in these new areas to inform decision-making/endorsement.

Tender Bidding Type:

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Tender Document:

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