CONSULTANCY FOR TRACKING PRIVATE SECTOR FINANCE FLOWS AND INVESTMENT FOR LOW-EMISSION, CLIMATE-RESILIENT DEVELOPMENT IN VIETNAM

Transcription

1 CONSULTANCY FOR TRACKING PRIVATE SECTOR FINANCE FLOWS AND INVESTMENT FOR LOW-EMISSION, CLIMATE-RESILIENT DEVELOPMENT IN VIETNAM Title: Duty Station: Requirement: Duration and timing: Climate Private Expenditure and Investment Review (CPrEIR) Hanoi, Viet Nam Up to 4 national consultants August 10, to August 30, 2016 (12 months) Starting date: August 10, Project ID and title: Reporting: UNDP/MPI - Strengthening Capacity and Institutional Reform for Green Growth and Sustainable Development in Vietnam (CIGG) (ID: ) Report to Dep. NPD, CIGG Project Coordinator and UNDP 1) BACKGROUND a) General Background Public expenditure reviews (PERs) involve the analysis of allocation and management of public expenditures and may cover all government expenditure or focus on a few priority sectors such as agriculture, water, and infrastructure. Information gathered from PERs is used to provide key guidance to strategic planning and budget preparation and to identify ways in which to improve the efficiency and effectiveness of financial resource allocations. Increasingly, PER processes are applied to expenditure management systems and institutions, since institutional framework, organizational capacity, and everyday expenditure management practice of government determines the allocation and management of public expenditures. PER have also evolved to examine thematic expenditure in areas such as climate change. To date, approximately 20 countries, including Vietnam, have undertaken Climate Public Expenditure and Institutional/Investment Reviews (CPEIR). By reviewing current climate expenditures from both domestic and external sources of finance, and identifying ways in which climate related expenditures can be tracked through time, the CPEIR is a key building block for developing a comprehensive climate fiscal framework. CPEIR serves as a tool to enable countries to improve prioritization, efficiency and effectiveness of all public resources in support of climate adaptation and mitigation. Vietnam is one of the pioneering countries to use the CPEIR approach to inform its national climate change response and green growth agenda. The CPEIR supports implementation of the National Strategy on Green Growth for the period with vision to 2050 (hereafter referred to as Viet Nam s Green Growth Strategy or VGGS) with the objective of orienting towards a green economy. The VGGS defines the green growth as an important part of sustainable development that ensures rapid, effective, sustainable economic development and significantly contributes to the implementation of Viet Nam s national strategy on climate change. It establishes the objectives for low carbon green growth and identifies three strategic tasks: Reducing greenhouse gas emission: Greening the economy to implement joint 1

2 efforts on climate change adaptation and mitigation Greening production: Restructuring the economy towards in-depth development, reduction of use of natural resources, intensification of eco-industries and environmental services, and renovation of technologies (or the supply aspect of the economy) Greening lifestyles and consumption: Establishing green ways of life and sustainable consumption (or the demand aspect of the economy) Following the official adoption of VGGS in 2012, the Government of Viet Nam issued the Viet Name National Action Plan on Green Growth (VGGAP) in March The VGGAP outlines 66 distinct intervention areas (programs, projects) and related responsibilities among Ministries, Departments and Agencies (both leading and collaborating) for designing and implementing these initiatives. According to the GGAP, these activities are categorized into four key areas: (1) awareness raising; (2) institutional improvement; (3) economic restructuring in sectors, localities and enterprises; (4) innovative technologies. The Ministry of Planning and Investment (MPI) is assigned as the focal point for green growth, responsible for leading and coordinating with ministries, sectors and PPCs and centrally managed cities to implement the Green Growth Strategy. Within MPI, the Department of Science, Education, Natural Resources and Environment (DSENRE/MPI) is implementing with UNDP the project Strengthening Capacity and Institutional Reform for Green Growth and Sustainable Development in Vietnam (CIGG) to support MPI s efforts to advance the implementation of the VGGS and VGGAP. Through supplemental financing provided by the Low-Emission Capacity Building (LECB) Programme, this initiative will also be linked to a global network of five countries undertaking similar work. Synergies between public and private financial flows are essential to achieve the mitigation targets in the VGGS, and further evidence-based policy actions are needed to catalyze and leverage private investment in green growth/climate change mitigation and adaptation activities that support low emission, climate resilient development in Vietnam. Additionally, the CPEIR commissioned by MPI, to be released in April, demonstrates the importance and value of linking climate related policies to the government portfolio of public expenditures in order to assess the level of coherence and policy transmission between national policies and targets, budget allocations, and actual expenditure on climate-relevant investments. The CPEIR developed a detailed typology for the tagging and tracking of climate-related public expenditure, creating a technical foundation for integrating climate action into public budgets on national and sub-national levels. Recognizing that domestic policy frameworks are critical for mobilizing finance, particularly in the case of private investors, MPI has confirmed its interest to conduct a CPEIR-type initiative that will target the private sector and state-owned enterprises (SOEs) at national and sub-national levels in Vietnam. This initiative, which will support the work of the National Committee on Climate Change (NCCC),is referred to as a Climate Private Expenditure and Investment Review (CPrEIR). MPI will be supported to identify and analyse climate change mitigation expenditures covering the most important aspects of private spending using a defined methodology for tracking private sector climate change finance developed by the UNDP Low Emission Capacity Building (LECB) programme that builds upon the CPEIR approach.. 2

3 Experiences from the CPEIR and other quantitative studies related to climate change finance have proven that collection of credible and disaggregated empirical financial data from the private sector will be a significant challenge in Vietnam. Data constraints, data confidentiality and/or high transaction costs for sharing data are key considerations in Vietnam. Accordingly the assessment will need to apply multiple data sources within a defined, and potentially narrow, scope and duration. The core portfolio of data sources will include MPI/MOF registers for private investments, private sector associations in Viet Nam and main capital and loan supplies in Viet Nam. Capital and loan suppliers may include, but are not limited to, Vietin Bank (managed the UNDP PECSME Guarantee Fund), National Foundation for Science and Development (Government agency currently managing the UNDP PECSME Guarantee Fund), Techcom Bank (involved in IFC Sustainable Energy Finance; the IFC Energy Efficiency and Cleaner Production Financing Project; and the Green Credit Trust Fund), Vietnam Development Bank (involved in JICA funded energy efficiency projects). Accessing commercial and public databases to complement and cross-check the core portfolio of data sources may also be applied during the assessment 1. b) Overall Expected Outcomes: An expected outcome of this initiative, the capacities of public and private sectors to account for consolidated mobilized resources (approved, disbursed, executed, requested) in preparation for up-scaling mitigation activities will be strengthened. This work will contribute to developing new mechanisms and capacities in key public sector actors and private sector associations to ease the process of country consolidated reporting that would support NAMA implementation. This outcome will contribute to establishing in Viet Nam a credible and transparent reporting practice targeting both the public and private sectors, through the following outputs: Output 1. Institutions and mechanisms supporting mobilisation and monitoring of private sector investment in climate change mapped and engaged. Government will review the institutional and policy environment, with a particular focus on private sector investment mobilisation. The review will assess the expected role of the private sector in meeting national climate policy objectives and targets. It will examine the main government and private institutions involved in private climate finance mobilisation and assess their capacity. Ongoing public-private initiatives will be reviewed, and existing fiscal incentives, public investment and regulatory support for the private sector identified for relevant sectors. Opportunities for private finance tracking, and potential for its integration into public finance tracking systems, will be assessed. Where a CPEIR has already been undertaken, the review will build on the CPEIR public institutional review and develop this with a more specific private sector focus. Where undertaken in parallel to the CPEIR, the institutional review will include an assessment of both the public and private sectors. Key identified institutions will be engaged to 1 Commercial and public databases may include: Bloomberg - BNEF database of clean energy and carbon investments; Thomson Reuters - Eikon database of bond issuances/holdings and Point Carbon database of global carbon markets/projects; OECD - Directorate for Financial and Enterprise Affairs aggregate FDI statistics; United Nations Conference on Trade and Development - FDI statistics including a one-time attempt (in 2010) to measure low-carbon FDI; World Bank Group - Private Participation in Infrastructure (PPI) Database (including PPI Renewable Energy Database) 3

4 collaborate and participate in the research process (see Output 2). Output 2. Credible and country owned methodologies for identifying and categorising private sector investment developed and implemented. Under this output, Ministries will be supported to identify and monitor private sector climate change finance in a given sector or sub-sector. This will allow for the balance of public and private investment to be analysed and to assess the adequacy of current flows in relation to climate change targets (e.g. sector GHG mitigation targets). The UNDP methodology, Tracking Private Climate Finance Flows at the National Level, will be followed, which sets out a series of steps and principles for quantifying and classifying private sector flows. The methodology is aligned with the CPEIR and OECD best practices from a methodological standpoint. Private finance data sources will be identified, and research approaches developed. These may be top-down (based on sector or national proxy estimates), or bottom-up (based on a detailed review of investment transaction data). Once data has been collected, it will be analysed and quality assured to ensure that there is no double counting and conclusions drawn for both policy makers and private sector stakeholders (see Output 3). Output 3. Lessons identified with regards to the role of the private sector in helping deliver national climate objectives and how the public sector might best deploy funds or create the enabling environment to support this. On the basis of the tracking studies, governments will use emerging insights to better define the role of the private sector in meeting national climate objectives and to understand the optimal balance between public and private finance. Where opportunities are identified, ministries will review the enabling environment for private sector investment, and examine the private finance mobilisation potential of public funds and incentives. Key findings will be used to inform long term climate policies and plans (e.g. NAMAs, green growth strategy, mitigation targets, INDCs, etc), to support reporting (e.g. UNFCCC National Communications) and to support application for private sector oriented climate funds (e.g. from the GCF Private Sector Facility). Consideration will then be given to embedding private climate finance tracking in a more systematic way. Output 4. Approaches for longer term private finance tracking systems developed, and implementation pathways explored. On the basis of the pilot studies, governments will review options and propose an operating model for systematic integration of private sector finance reporting into existing public climate finance tracking systems. This build upon existing CPEIR approaches where appropriate, or seek to create integrated approaches where public tracking systems are under development. Where voluntary reporting approaches are developed, care should be given to ensuring that data processes carry low transactioncosts for the private sector, use existing reporting systems and maximise outreach through business associations, chambers of commerce or similar intermediaries. Opportunities to partner with existing other government agencies already engaging with the private sector (e.g. statistics, customs, planning) should be explored. Creating a more robust and sustainable reporting platform will allow for improved information flows, and facilitate better public-private policy making over time. 2) OBJECTIVES OF THE ASSIGNMENT The objective of the Climate Private Sector Expenditure and Investment Review (referred to as the CPrEIR ) is to assist the Government of Viet Nam is to identify, tag, 4

5 track and analyze the main flows and incentives for private sector investments for activities directly and indirectly related to climate change mitigation. While private expenditure on climate change adaptation may be identified as part of this review, it does not constitute a focus on this initiative. The typology of climate change expenditure developed as part of the CPEIR will be applied for the CPrEIR, with adjustments as jointly deemed necessary by MPI, UNDP and the consultants. In addition, the review will analyze the relationship between private sector investments for climate change mitigation with existing financial and fiduciary regulatory frameworks in order to provide policy recommendations for enhancing and incentivizing further private sector engagement in mitigation activities such as National Appropriate Mitigation Actions (NAMAs) and Public Private Partnerships (PPPs) for mitigation and adaptation activities. The review will be commissioned by MPI under the CIGG project, and will include a number of key governmental and private stakeholders, in particular the Ministry of Finance, private sector associations, state and commercial banks, private sector associations, and credit providers. For the purposes of this review, private sector includes SOEs. The data coverage of private financial investment for climate change mitigation will be defined as part of the data collection process. Financial investments and transactions include corporate or project financing, budgetary transfers to SOEs, and financial instruments or financing for a given climate-related activity such as capital, debt and grant disbursements, equity and de-risking of investment. Recurrent expenditure flows (such as operation and maintenance costs) to support the initial investment and thereby ensure climate change mitigation capabilities of the activity will also be considered in the review in order to examine trade-offs between investments with lower up-front costs but require higher downstream O&M expenditure, versus investments with high up-front costs but lower downstream O&M. Building on experiences from the CPEIR, an overall methodology and definition of climate change mitigation related activities/investments (both direct and indirect) will be formulated in combination with a typology for detailed classification of private sector investments. For the CPrEIR, the classification of private sector investments for climate change mitigation will be developed to fit the specific context of Vietnam and the characteristics of these investments, relying on the CPEIR typology. The typology will be designed to fit the scope and granularity of available data, while providing an accurate portrait of mitigation action by the private sector. As deemed feasible, the CPrEIR typology may also include a definition and analytical approach to identify and isolate climate related activities within broader financial datasets as described in footnote 1. An analysis and detailed mapping of private sector investments related to climate change will be conducted. The analysis will include a detailed analysis of the investment characteristics and flows, main finance channels and funding modalities, key objectives and decisive triggers for investments, identification of financial barriers and constraints for private sector engagement in climate change mitigation activities. The methodology, typology and tagging, tracking system of the investments will be aligned and complementary to the current national systems for registration of private sector investments in use by MPI and the Ministry of Finance, and if feasible, the review will assist MPI/MOF to develop specific accounting budget codes for climate related activities by the private-sector. The budget codes will be developed to fit the existing Treasury and Budget Management Information System (TABMIS) administered by MOF, whereby a parallel yet comparable private sector budget for climate change 5

6 investments may be drafted. A synopsis of incentives for private sector action on climate change mitigation will also be prepared, together with recommendations for scaling up incentives through a variety of proven channels and instruments. Building on the findings from the CPEIR, the review may also include an analysis of the existing climate finance regulatory framework, architecture (institutions and policies) and public/private mechanisms influencing (directly or indirectly) private sector investments in climate change mitigation and green growth activities. The finance regulatory framework, architecture and funding mechanisms will be reviewed in the context of private investment flows in order to identify areas for strengthening fiduciary procedures and national regulation that enhances private sector participation in mitigation activities such as NAMAs and PPPs for mitigation activities. The analytical findings will also be reviewed in the context of implementing the VGGS and GGAP, where private sector funding and participation are essential to achieve the Government of Vietnam s GHG targets as well as contribute towards the transition to a greener economy. Based on the analytical review, a number of tangible short- to medium-term policy recommendations will be formulated to foster enhanced incentives for private sector participation in climate change mitigation activities, hereby supporting the achievement of the VGGS. Furthermore, based on the developed typology, the policy recommendations will also include proposal for a government-owned system to tag and track private sector investments in climate change and green growth activities, whereby a private sector climate budget similar to the CPEIR may be created within the analysed scope. The report will also inform the development of new policy, financial and other incentives for private sector engagement in climate change mitigation. During the entire tracking process, business associations and key private sector entities will be engaged to encourage their participation in the design of the typology and potential proposals for reporting systems. This will enable the Government of Vietnam to capitalize on private sector contributions in climate change mitigation by improving knowledge of mitigation finance, assess the effectiveness of existing incentive instruments and inform the development of new ones, and facilitate engagement with the private sector in broader efforts on climate change mitigation. The national consultants will have primary responsibility under each phase for all outputs of this assignment, including: Phase 1 (Inception and Scoping) Output 1: Conduct inception consultations with MPI, key government and private sector stakeholders, and UNDP, to inform the development of a detailed workplan that outlines the key milestones to be achieved, level of effort, schedule, composition and targets for key informants, key outputs, and estimated budget for data collection. Maximum 10 pages for inception report and 7 pages for workplan. Output 2: the consultant will prepare a country-specific analytical framework to guide the conduct of the review, based on methodologies developed by UNDP, ODI and others, and reflective of the national context of Vietnam with respect to the private sector and SOEs. The framework will be based on the findings of inception-level consultations as well as a literature review of experiences 6

7 tracking private sector flows for climate change mitigation 2. The framework will describe the proposed methodology, analytical boundaries of the review, assessment period (e.g., 2012 to 2014), geographic coverage, and preferred approach to information collection. Maximum 6 pages for summary of literature review and 25 pages for analytical framework. Output 3: The framework will be presented to MPI and UNDP during a half-day workshop for discussion, validation and endorsement. The consultant shall prepare all presentation materials and submit to MPI and UNDP the proceedings from the workshop. Output 4: Consolidated and approved framework for the CPrEIR typology, with clear links to the National Action Plan on Climate Change, Climate Change Strategy, and Viet Nam s Green Growth Strategy and Action Plan. The CPrEIR typology will reflect the CPEIR typology and include additional methodological guidance on expenditure classification from UNDP and other sources (e.g., OECD) relating to tracking private sector flows in the context of Viet Nam. The typology will also include a classification system to measure the status of existing and planned incentive instruments for private sector engagement in climate change mitigation. Maximum 40 pages. Output 5: The typology will be presented to a multistakeholder workshop targeting representatives from the Ministry of Finance, MPI, other ministries and departments, and from the private sector. The consultant shall prepare and submit to MPI and UNDP the proceedings from the workshop. Phase 2 (Data Collection and Analysis) Output 6: Consolidated analysis of institutional, policy, regulatory and financial incentives for private sector flows for action on climate change mitigation. The analysis will assess how organisational structures in Viet Nam are collectively responding to policy objectives set by government, including whether and how there are resources identified within the national budget to allow the private sector to engage in climate change mitigation. Under this output, the institutional arrangements for promoting the integration of climate change mitigation into budgeting and expenditure management will be reviewed in terms of private sector engagement, based upon the experiences from the CPEIR. As part of this output, the review will identify areas for improvement to strengthen private sector engagement in mitigation activities, such as through NAMAs and PPPs. Maximum 20 pages. Output 7: Comprehensive data collection and detailed analysis and mapping of incentives and private sector investment flows, characteristics, funding modalities and critical triggers for investment by the private sector. This output will address the following: Who are the key institutional players in private sector investment in Vietnam? Who are the key providers of capital (where these are not the investor)? What is the balance between public and private sector finance for the sectors, based on a comparison of CPEIR and CPrEIR findings? What is the balance between domestic and international origin or entry point of finance 3 2 Literature sources should include: CPI, Climate Tracker Initiative, ODI, UNDP, Oxford Consulting Partners, CDKP, Climate Change Knowledge Portal, Climate and Development Knowledge Network, OECD Research Collaborative on Tracking Private Sector Finance, WRI, and other relevant sources. 3 As noted by the OECD regarding assessment of the origin of finance, distinguishing between public and private finance based on origin of the total resources of financers could lead to more accurate estimates. In practice, it 7

8 for private sector climate action? What is the profile of private flows by sector, sub-sector, province, region? What is the balance between types of instruments (equity, debt, and grant)? Are the private finance flows in Vietnam sufficient to meet VGGS and GGAP targets and how could the private sector contribution be improved? How effective have policy instruments been in mobilising private finance in the given sector, and are there areas where greater incentives or policy reforms are required? Data will be compiled into effective survey instruments to be designed by the consultant, with results input into a data collection platform similar to the proposed Typology for Climate Change Response Expenditure (TCCRE) developed as part of the CPEIR. Maximum 60 pages. Output 8: The findings and analysis from the mapping exercise will be presented for validation and discussion at a multi-stakeholder workshop targeting representatives from the Ministry of Finance, MPI, other ministries and departments, and from private sector associations. The consultant shall prepare and submit to MPI and UNDP all presentation materials and will prepare the final proceedings from the workshop. Phase 3 (Reporting and Recommendations) Output 9: Based on an annotated table of contents to be approved by MPI and UNDP, formulate the main report, setting out the key findings on tracking private sector flows for climate change mitigation, conclusions and recommendations, including a focus on incentive mechanisms to stimulate private sector engagement in climate change mitigation. The report will also advance options for a typology of private sector climate mitigation actions suitable for use during regular reporting to the National Climate Change MPI to monitor the implementation of the VGGS and GGAP. Maximum 100 pages. Output 10: The main report and recommendations from the tracking of private sector will be presented for discussion at a multistakeholder workshop targeting representatives from the Ministry of Finance, MPI, other ministries and departments, and from private sector associations. The consultant shall prepare and submit to MPI and UNDP the proceedings from the workshop. Output 11: Submission to MPI and UNDP of final report, including all related presentation materials, survey responses, and primary data in hardcopy and electronic versions. Maximum 100 pages. Output 12: Prepare a Powerpoint presentation by use by MPI at the NCCC, with speaking notes, outlining the background of the study, approach, stakeholders, challenges and limitations, key findings and conclusions, and recommendations. The national team will be supported by an international technical advisor to facilitate linkages with other country teams and to assist national teams to operational the new draft methodology from UNDP and advise on goals, scope and data considerations. would be resource-intensive, and might not necessarily lead to a meaningful identification of the ultimate public or private nature of finance, particularly since any given amount might be rightfully labelled as public or private. For instance, government spending is raised from households, while private investors and financiers can benefit from public financial participation and backing (Caruso and Jachnik, 2014; Haščič et al, 2014). 8

9 The primary audience for the final CPrEIR report will be MPI and UNDP, who will guide broader distribution to other stakeholders based on guidance from the National Climate Change Committee chaired by the Prime Minister. The consultant will be required to enter into a confidentiality agreement respecting the protection of commercial information collected as part of this study. All materials will be shared exclusively with MPI and UNDP, with exceptions to be endorsed by MPI. The consultants will also be required to participate and engage with global and/or regional communities of practice in the area of tracking private sector flows in climate change mitigation. Support from the Low-Emission Capacity Building (LECB) program Global Support Unit will involve technical backstopping to the national team on methodological and analytical aspects and learning exchanges with representatives from four other countries that are engaging in similar reviews, namely Thailand, Chile, Indonesia, and Ecuador. International travel may be required by the national team to facilitate knowledge exchanges with other countries participating in the LECB initiative to track private climate finance flows. Additionally, it is envisaged that part-time technical support to the national consultant will also be provided by an international consultant experienced in tracking private sector flows and incentives for climate change mitigation. The national consultant will collaborate with the international consultant to ensure that the outputs of this consultancy reflect emerging international practices for such tracking initiatives. 3) PROGRESS REPORTING The consultant will report to MPI and UNDP during each stage of the assignment through technical inputs that are based on good practice in tracking private sectors flow and incentives for climate change mitigation. Regular updates will be provided to MPI, and other ministries as required, in order to address any challenges encountered during the data collection phase and to facilitate ongoing access to high-quality data from private sector stakeholders. 4) DURATION OF ASSIGNMENT, DUTY STATION AND TRAVEL This lump-sum contract is anticipated to require up to four individual national consultants for up to 190 days each over a 12 month period from August 10, to August 30, The proposed duty station is home-based, with travel in Viet Nam, and possible international travel sponsored by the CIGG Project. 5) SCHEDULE OF DELIVERABLES Description of outputs and schedule for submission of deliverables will be as follows: S/N Output Description Due Date Phase 1 (Inception and Scoping) 1a Project Workplan Detailed workplan outlining core tasks, schedule, key informants, August 26, expected outputs and data sources, and budget estimate 1b Draft Inception Draft Inception phase report September 5, 9

10 Report summarizing results of initial consultations with stakeholders 2a Literature Review Summary of Initial Literature Review September 10, 2b Draft scoping paper Draft outline of scope and conceptual framework, including sector focus; time series; data coverage, sources and availability; analytical framework; typology of private flows; and review schedule. September 10 30, 2c Quality Assurance / Linkage to LECB network QA of scoping phase September 20, 2d Final scoping paper Final outline of scope and conceptual framework, including sector focus; time series; data coverage and sources (e.g., proxy and transaction level); proposed survey instruments and assessment tools for pre-testing; typology development; and schedule. 2e 3a 3b 3c Framework for the CPrEIR Typology Presentation of CPrEIR Scope and Typology Consultation Workshop Workshop Proceedings Phase 2 (Data Collection and Analysis) 4a Summary of Institutional, Policy and Financial Incentives mitigation. 5a 6a 7a 8a 9a Finalization of Survey Instruments Design of Data Platform Quality Assurance Verification / Linkage to LECB network Preliminary report and.ppt Presentation on Preliminary Results Verification and Consultation Workshop Full draft CPrEIR Typology / Classification System to measure and assess expenditures and incentives. Preparation of ppt presentation outlining CPrEIR scope and issues for discussion. 10 September 30, October 5, October 5, Convene workshop with national October 15, stakeholders, with support from MPI. Submit final workshop proceedings. October 20, Overview of existing incentives and challenges to enhance private sector engagement in climate change November 30, Finalization of survey and data collection instruments. November 30, CPrEIR database design for GoV. December 10, QA of data collection and analysis February 25, phase 2016 Presentation of preliminary findings from data collection and analysis phase. Convene workshop with national stakeholders, with support from MPI. May 15, 2016 May 15, b Workshop Proceedings Submit final workshop proceedings. May 25, 2016 Phase 3 (Reporting and Recommendations) 10a Outline of Final Report Annotated table of contents for final report. June 30, 2016

11 10b Draft Report Draft final report July 10, a.PPT Presentation Presentation of findings, conclusions July 12, 2016 on Draft Report Framework and recommendations 11b Consultation Convene workshop with national July 20, 2016 Workshop stakeholders, with support from MPI. 11c Workshop Submit final workshop proceedings July 25, 2016 Proceedings outlining comments. 12a Final Draft Report Submission of final draft report, integrating comments from consultation workshop 13.PPT Presentation on Draft Report Presentation of final draft report, highlighting background, methodology, conclusions and recommendations. 11 August 20, 2016 August 20, 2016 In addition, the consultant shall provide one page monthly progress updates to MPI and UNDP highlighting key issues, challenges and achievement of milestones in accordance with the workplan. 6) MONITORING PROVISION The assignment will co-supervised by and the National Project Director (NPD) of MPI, and/or Deputy National Project Director (D/NPD), for the CIGG Initiative, and the Head of UNDP Sustainable Development Cluster. The national consultant will work under the overall leadership of MPI and UNDP, with day-to-day coordination managed by the D/NPD. All deliverables will be reviewed by the international consultant(s) hired by UNDP headquarters and the Vietnam Country Office, as applicable, to ensure overall consistency with other countries supported by the LECB and with emerging international practice on tracking of private sector flows for climate change mitigation. 7) ADMINISTRATIVE SUPPORT AND REFERENCE DOCUMENTS The consultants will be based in their organization and/or home-based, with regular contact with the CIGG project office. The consultants will be provided with access to: UNDP Methodology for Tracking Private Flows at National Level (primary source) Methodologies from ODI, OECD, WRI and others Relevant sector master plans (PDP-VII for power supply, Agricultural and Rural Development, etc.) 8) DEGREE OF EXPERTISE AND QUALIFICATIONS a. Lead Consultant: A postgraduate degree in development economics, business/finance, and/or development planning or relevant fields. At least 15 years work experience in planning, economics and financing development/development aid with government agencies and development partners.

12 Proven track publication/consultancy in policy development, relevant to sustainable development, investment and planning, green growth, climate change and related issues. Expertise on private sector budgetary planning and financial structuring of climate finance, including financial analysis of climate-related investment portfolios; Expertise in working with financial data sets, including classifications of these. Climate financing expertise with a focus on public sector and ODA related finance as well as private sources. Proven track record working with MPI, provincial level authorities, private sector, and other partners on climate financing. Research and data collection experience with a focus on climate financing. A proven consultancy track-record with roles as consultant/team leader. Experience with survey design and delivery. Excellent writing skills in English and Vietnamese, strong analytical and synthesizing results. Builds strong relationships with clients, focuses on impacts and results for clients, and responds positively to feedback. b. Consultant #2: A postgraduate degree in development economics and/or development planning or relevant fields. At least 10 years work experience in planning, economics and financing development/development aid with government agencies and development partners. Research and data collection experience with a focus on climate financing. Expertise in working with financial data sets, including classifications of these. Good writing skills in English and Vietnamese. Good writing skills, strong analytical and synthesizing results. Builds strong relationships with clients, focuses on impacts and results for clients, and responds positively to feedback. Experience with survey design and delivery. Experience with database design, synthesis and analysis of data, communicating data to specialist and non-specialist audiences. c. Consultant #3: A postgraduate degree in development economics and/or development planning or relevant fields. At least 10 years work experience in planning, economics and financing development/development aid with government agencies and development partners. Research and data collection experience with a focus on climate financing. Expertise in working with financial data sets, including classifications of these. Good writing skills in English and Vietnamese. Good writing skills, strong analytical and synthesizing results. Builds strong relationships with clients, focuses on impacts and results for clients, and responds positively to feedback. Experience with survey design and delivery. Experience with database design, synthesis and analysis of data, communicating data to specialist and non-specialist audiences. 12

13 d. Consultant #4: A postgraduate degree in development economics, finance and/or development planning or relevant fields. At least 10 years work experience in economics and financing development/development aid with government agencies and development partners. Research and data collection experience with a focus on climate financing. Expertise in assessment of financial data sets, including classifications of these. Good writing skills in English and Vietnamese. Good writing skills, strong analytical and synthesizing results. Builds strong relationships with clients, focuses on impacts and results for clients, and responds positively to feedback. Experience with survey delivery and administration. Experience with database design, synthesis and analysis of data 9) PAYMENT SCHEDULE The estimated total budget for this lump sum contract is US$172,000, inclusive of all related expenses, including domestic travel, office expenses and administration. Consultation workshops will be financed through MPI s PMU for the CIGG project. Payments to the consultant (by bank transfer to the consultant s bank account provided in the vendor form) shall be made upon acceptance by MPI/NPD and UNDP of the deliverables specified the TOR. Payments will be based on satisfactory submission of deliverables in accordance with the following schedule: S/N Output Payment Amount (%) 1a Project Workplan 1b Inception Report 15% 2a Literature Review 2b Analytical Framework 3a Presentation of Framework 3b Consultation Workshop 3c Workshop Proceedings 4a Framework for the CPrEIR Typology 15% 5a Presentation of Typology 5b Consultation Workshop 5c Workshop Proceedings 6a Summary of Institutional, Policy and Financial Incentives 20% 7a Design of Survey Instruments 7b Design of Data Platform 8a.PPT Presentation on Results of Mapping 8b Verification and Consultation Workshop 20% 8c Workshop Proceedings 9a Outline of Final Report 9b Draft Report 10a.PPT Presentation on Draft Report Framework 30% 13

14 10b Consultation Workshop 10c Workshop Proceedings 11a Final Draft Report 12.PPT Presentation on Draft Report 10) Consultancy Team Presence for Assignment * NONE * PARTIAL * INTERMITTENT * FULL-TIME 14