Expired contract

Green Finance Research Project on Data Standard for GF Registries

Details

Value
£226,000
Duration
2 months
Topic
General management consultancy services
Published
14 March 2024

Tender description

Green Finance seek research on the information requirements for nature markets. Green Finance Division stimulated a range of market-based nature financing schemes, that allow industry to stand up schemes that channel private finance to nature recovery - alongside Defra grant awards. Defra seek to build evidence through data analysis research, to consider routes for a Green Finance Registry that brings together funding and environmental outcomes information from existing schemes and provides the service for compliance teams to manage double-funding risk. Interoperable market infrastructure was recognised as a risk for establishing Green Finance markets. We also committed to provide a policy update on market infrastructure, in Summer 2024 - this work will inform policy principles for market infrastructure.

Timeline

  1. Completed: Award date20 February 2024
  2. Completed: Award published14 March 2024
    Current notice
  3. Completed: Contract expiry date1 May 2024

About the buyer

The Department for Environment, Food & Rural Affairs (DEFRA) is a ministerial department that also buys through agencies such as the Environment Agency, the Rural Payments Agency and the Animal and Plant Health Agency. DEFRA also procures goods and services through the Crown Commercial Service. Existing contracts and frameworks set up under the previous procurement regulations remain valid until they expire.

Over the past 5 years, most of DEFRA's contract awards have been in research and development, construction work and business services.

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