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Awarded contract
Published 14 Mar 2024

Green Finance Research Project on Data Standard for GF Registries

Department for Environment, Food & Rural Affairs · London

Key facts

Contract value
£226,000
Awarded
20 Feb 2024
Contract starts
20 Feb 2024
Contract ends
01 May 2024
Procedure
Call-off from a framework agreement (framework)
Buyer type
Central government

Awarded to

SupplierValue
ERNST & YOUNG LLP£226,000

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.

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