Objectives: The consultancy aims to develop a regional policy toolkit supporting CARICOM countries, particularly Belize, The Bahamas, Jamaica, and Trinidad & Tobago, to prepare for blue carbon market participation. This toolkit will gather national experiences, harmonize policy and regulatory approaches, and establish Caribbean-specific governing principles. The focus is on fostering legal, regulatory, and institutional readiness, strengthening blue carbon governance, and ensuring that countries can leverage these assets to meet climate and biodiversity commitments.
Eligibility criteria: Eligible consulting firms must be from one of the Bank's Member Countries or Territories, which include Argentina, Bahamas, Belize, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, France, Germany, Guyana, Haiti, Honduras, Jamaica, Japan, Mexico, Panama, Peru, Spain, Suriname, Trinidad & Tobago, United Kingdom, United States, Uruguay, Venezuela, and others, as well as eligible territories such as Guadeloupe, French Guiana, Martinique, Reunion, U.S. Virgin Islands, Puerto Rico, Guam, Aruba, and others. The consulting firm should demonstrate experience in regulatory or legislative drafting, marine and environmental law, and carbon markets. Team requirements include a Team Leader with a Master’s degree in environmental law and 15 years of project management experience, an Environmental Policy Expert with significant experience in climate change relating to marine ecosystems, and a Legal Expert with a background in climate change policies and carbon markets. The consultancy is budgeted at $120,000 and expected to be completed within 12 months.