Consultancy Services to Provide Advice on Insurance Coverage for Projects/Programs Funded by the Green Climate Fund

The Green Climate Fund (the “GCF”) was established in December 2010 with the purpose of making a significant and ambitious contribution to the global efforts towards attaining the goals set by the international community to combat climate change. In the context of sustainable development, the GCF will promote a paradigm shift towards low-emission and climate- resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change.

The GCF was designated as an operating entity of the financial mechanism of the United Nations Framework Convention on Climate Change (“UNFCCC”). It is governed and supervised by a Board that has responsibility for funding decisions pursuant to the Governing Instrument for the Green Climate Fund. It is supported by an independent Secretariat, accountable to the Board, having management capabilities to execute day-to-day operations of the GCF, providing administrative, legal and financial expertise. The GCF’s headquarters (the Secretariat) are located in Songdo, Incheon City, Republic of Korea.

The Secretariat has decided to employ the services of insurance advisory firms (a) to assess the adequacy of insurance coverage of Accredited Entities (AE) and Executing Entities (EE) available to projects /programs being funded by the GCF and (b) to advise on AEs and EEs acquiring suitable insurance coverage considering best market practices and to protect the interest of various stakeholders.

Through this EOI, GCF intends to have a pool of advisory firms; GCF can request services of the firm for specific funding proposals. The firms can be with local/ regional presence or global presence & expertise. The Secretariat is seeking to engage firms with relevant experience and a proven record providing such advice, including in the Least Developed Countries (LDCs) and Small Island Developing States (SIDS). Subsequent to the EoI, GCF will issue RfP for the advisory firms.

Expression of Interest: EOI 2018/C/004