Finance and Technology Transfer Centre for Climate Change (FINTECC) TC Programme – MRV and Carbon Market in Egypt

Project ID: 49781

Project title: Finance and Technology Transfer Centre for Climate Change (FINTECC) TC Programme – MRV and Carbon Market in Egypt

Description:

The European Bank for Reconstruction and Development (the EBRD or the Bank) operates a technology transfer programme in Egypt and 14 other countries – FINTECC (Finance and Technology Transfer Centre for Climate Change). FINTECC provides policy support, technical support and investment support for the application of best available climate technologies which currently are not being deployed in its countries due to a range of market and regulatory barrier. FINTECC provides organisations with support in identification of best available climate technologies relevant to their operations and investment plans, and potential for their deployment.

The Consultant is expected to carry out the following tasks:

· Assess project opportunities with EBRD and agree projects to be supported, recommend MRV methodologies;

· Assess carbon market preparedness and need for capacity building;

· Discuss implementation plans with organisations and government stakeholders;

· Negotiate initial carbon mandate letters with beneficiaries;

· Implement baseline studies ;

· Develop a carbon market capacity building plan;

· Negotiate and agree commercial, financial and legal arrangements with beneficiaries, including payment triggers and other arrangements;

· Draft and agree legal results-based agreements (largely based on Emission Reduction Purchase Agreements as drafted for the MCCF);

· Train and support beneficiaries in implementing MRV plans;

· Initiate carbon market capacity building work;

· MRV of carbon project implementation;

· Review and communicate results into the capacity building activities and FINTECC business networks;

· Complete carbon market capacity building work;

· Confirmation of GHG emission reduction results and incentive payment completion;

· Monitor project results and capacity building work and provide recommendations for further development;

· If required, verify emissions reductions.