Project details

Overview

Project title

Strengthening Climate and Disaster Resilience of Investments in the Pacific - Public-Private Partnerships for Coral Reef Insurance in Asia and the Pacific - Marine Conservation Specialist (Coral Reef Ecosystems) Solomon Islands

Country Programme / Action Plan
Tender / Procurement notice
21 Jul 2020
Re-advertisement / Re-launch
1 Aug 2020

Published

1 August 2020

Deadline

14 August 2020

Budget

38 300 USD


Procurement type


Individual consultants

Reference

48488-001 Package Marine Conservation Specialist (Coral Reef Ecosystems) Solomon Islands

Funding Agency

ADB - Asian Development Bank, GEF - Global Environment Facility


Estimated duration

66 days


Countries

Solomon Islands

Date Published: 01-Aug-2020    Deadline of Submitting EOI: 14-Aug-2020 11:59 PM Manila local time

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Selection Profile

Consultant Type: Individual

Selection Method: Individual Consultant Selection (ICS)

Source: National

Technical Proposal: Not Applicable

Selection Title: Strengthening Climate and Disaster Resilience of Investments in the Pacific - Public-Private Partnerships for Coral Reef Insurance in Asia and the Pacific

Package Number:

Package Name: Marine Conservation Specialist (Coral Reef Ecosystems) Solomon Islands

Advance Action:  No:

Total Inputs: 66 Working Days

Consulting Services Budget: USD 38,300

Budget Type:  Maximum:

Approval Number: 8961

Approval Date: 18-Sep-2015

Estimated Short-listing Date: 27-Jul-2020

Estimated Commencement Date: 01-Aug-2020

Open to non-Member Countries:  No:


Additional Information

Possibility of contract extension:  Not known

Possibility of consideration for downstream assignment:  Not known

Country of assignment: Regional


Country of eligibility for national consultants: Same as country of assignment


Contact Information

Project Officer: Noelle O'Brien

Designation: Principal Climate Change Specialist Asian Development Bank

Email: nobrien@adb.org


Terms of Reference (Individual Consultant)

ExpertiseMarine Conservation Specialist (Coral Reef Ecosystems)

Expertise GroupBiological Sciences & Ecology

Consultant SourceNational

TOR KeywordsMarine Biology, Environmental Sciences, Conservation Finance


Objective and Purpose of the Assignment

Background:

1. Tropical cyclones are a natural part of our climate system, but climate change may result in more

frequent and intense events in the future. Flooding and coastal erosion from more frequent and intense

storms are among the major climate-related risks to coastal communities. In coastal areas, rising sea

levels make the risk of storm surges, high tides as well as the impact of tsunamis even greater.


2. Coral reefs play a cost-effective role in reducing the impact of flooding and coastal erosion,

providing significant coastal protection benefits to people and property. Healthy coral reefs break-up

as much as 97% of wave energy before a wave reaches the shore, dramatically reducing its impact on

coastal communities that sit behind the reefs. In particular, they enhance the resilience of the fishery

and tourism sector that provide for the main livelihood for the coastal communities protected by coral

reefs.


3. However, strong storms damage corals and if their intensity continues to increase then corals will

have diminished capacity to repair themselves sufficiently to provide their historic protection of

coastal areas. The loss of the top one meter of a healthy reef can double onshore financial damage and

significantly increase the number of people impacted by coastal flooding when severe weather strikes.

Reefs can also be severely damaged by tsunamis, sedimentation, bleaching, oil spills, groundings and

more degrading the services they provide. This damage can be reduced by immediate post-disaster

restoration actions on the reef conducted by trained 'reef brigades' from the communities, but funds are

needed to finance the work. Reef insurance can contribute to sustainable funding.


4. Coastal businesses and local governments have not invested in reef restoration for reasons

including: i) data limitations on resilience benefits and vulnerability, ii) insufficient capacity for

governments to understand nature-based risk transfer and setting up sustainable financing, iii)

inadequate legal frameworks and institutional structures, iv) lack of technical capacity for reef repair

and restoration, v) lack of vision in the insurance industry for the potential of natural systems to

reduce losses, and vi) limited insurance penetration in poorer coastal communities.


5. A project is being proposed, which builds on recent experience in Quintana Roo, Mexico to insure a

stretch of reef and adjacent beaches to protect coastal businesses and livelihoods dependent on tourism

and fishing. This model provides a potentially replicable and/or scalable financial risk management

mechanism for coastal resilience that leverages public private capital structured in a fund format with

underlying parametric insurance triggers.


6. The proposed project will support nature-based and integrated coastal resilience investments. It

will demonstrate the feasibility of developing a coral reef insurance scheme, including a parametric or

indemnity insurance product tied to a multi-stakeholder trust fund, that builds on the experience of the

Quintana Roo model but is adapted to the contexts of four new countries in Asia and the Pacific. It will

work with coastal communities, tourism businesses, government agencies, insurance industry, and academia

to: (i) quantify and articulate the parametric or indemnity insurance product to transfer cyclone and

climate change-related risks, including engagement of the insurance and re-insurance industry; (iii)

scope the development of a multi-stakeholder trust fund, governance structure, and disbursement scheme;

and (iv) develop and disseminate lessons learned.


7. Based on initial analysis, the target countries are Indonesia, Philippines, Fiji and the Solomon

Islands. The Global Environment Facility (GEF) has approved a concept proposal to co-finance the

project up to USD 1.2 million for Indonesia, the Philippines and Solomon Islands. The next steps

include: i) additional resource mobilization to increase funding, particularly for Fiji, aiming for

project size of at least $ 5 million, and ii) preparation of detailed technical and financial proposals

for the GEF, as well as other funding institutions.


Objectives of the Consulting Services:

8. This consultancy will contribute to preparation of a knowledge product that assesses the potential

for the development and implementation of a Public-Private Partnership (PPP) initiative including a

parametric or indemnity insurance product and trust fund to increase the resilience of coral reef

ecosystems and minimize the economic risks to coastal businesses from climate change in Asia and the

Pacific – with specific reference to Fiji and Solomon Islands – and possible extension to other Pacific

Small Island Developing States (SIDS).


9. It will focus on i) the identification of appropriate coral reef sites in Fiji and Solomon Islands,

ii) the assessment of the probability of damages to reefs by hurricanes and other perils in Fiji and

Solomon Islands and the cost-benefit of restoring them, iii) consultation with relevant stakeholders

from government agencies, from the private sector, local communities, academia and local scientists as

well as from the insurance industry, iv) the evaluation of the legal and regulatory environment to

understand the policy measures required to launch a reef insurance model, v) rapid assessment of gender,

environmental and social safeguards issues which might be germane to project implementation under ADB

and Global Environment Facility (GEF) policies.

Scope of Work

Under supervision of the ADB project officer, the consultant will work in close coordination with the

Senior Legal and Governance Specialist (Coral Reef Ecosystems)/Team Leader, the national Marine

Conservation Specialist (Coral Reef Ecosystems) in Fiji - as well as the ADB staff/ specialists based in

Headquarters and Country Office in Honiara


The main objective will be to secure support from the relevant government ministries and departments,

non-governmental / community-based organizations, relevant hotel, hospitality and fisheries associations

and other stakeholders in Solomon Islands to formulate a detailed project proposal to advance the

concept of coral reef insurance.


The Specialist will provide information on the baseline context in Solomon Islands, by:


i) Identifying and validating sites in Solomon Islands with high ecological, economic, social, and

political feasibility for a coral reef insurance product;


ii) Conducting rapid assessment of the probability of damages to reefs by cyclones and related climate

change impacts in Solomon Islands, the economic risks faced by coastal businesses, and the cost-benefit

of restoring and managing resilient reefs, and


iii) Scoping the development of a coral reef insurance product and associated reef protection and

restoration trust fund in Solomon Islands in the context of the legal and regulatory environment.

Detailed Tasks and/or Expected Output

Specific tasks will be to:

i) Identify ecologically valuable coral reefs in Solomon Islands, which are also economically important

to coastal businesses that are at risk from cyclones, flooding, and other climate change impacts that

can be mitigated by coral reefs;


ii) Compile basic biophysical and other relevant data on coral reef conditions (e.g. species, abundance,

density, management ratings in protected areas etc) at potential sites in Solomon Islands;


iii) Prepare insights on the scope, frequency and severity of risks faced by reefs, such as tsunamis,

oil spills, storms and others relevant, using existing mapping resources such as www.coastalresilience.

org and others;


iv) Provide a mapping of stakeholder communities in identified coral reef areas, including socio-

economic and sex-disaggregated related data;


v) Outline some key gender equality, environment and social safeguards concerns in relation to

management of coral reef ecosystems, including those of relevance to a project which aims to establish a

parametric insurance product;


vi) Undertake a rapid analysis of insurance regulations in Solomon Islands to understand issues and

context in which a reef insurance model might be introduced. Importantly, indicate whether parametric

insurance products are permitted in the Solomon Islands context, and whether or not legislative or

policy changes would be required;


vii) Conduct stakeholders meetings and consultations to evaluate interests and capacities of various

government agencies, private sector and civil society organizations to support rapid recovery and

restoration of reefs following climate and other disasters - and assess potential funding

mechanisms/potential buyers for an insurance policy (i.e. who would pay);


viii) Identify possible roles and responsibilities of each stakeholder organization in a larger

technical assistance project;


ix) Organize and/ or participate in consultations (in person and/or on-line / virtua)l with ADB and its

relevant stakeholders and partners to better understand and socialize the coral reef insurance concept;

and


x) Assist in general communications and report preparation.


Minimum Qualification Requirements

The specialist should have:


i) A university degree, preferably at Masters level, in marine biology, environmental sciences,

conservation finance, metrology or related field;

ii) At least 7 years practical experience with coastal and marine management in Solomon Islands, with

exposure to climate change and disaster risk management projects. Collaborative experience with the

Government and multilateral institutions would be asset;

iii) Solid track record in the conduct of inclusive stakeholder, social and technical assessments in

coastal and marine context, including gender and environment;

iv) Prior, proven experience with proposal development for external funding organizations, and

v) Strong oral and written English communications skills.

Minimum General Experience10Years

Minimum Specific Experience (relevant to assignment)7Years

Regional/Country Experience Required


Deliverables


Schedule and Places of Assignment (chronological and inclusive of travel)



Schedule Type

Continuous


Max. Working Days/Week

Home Office 5


Field 6



City and Country Working Days Estimated Start Date Estimated End Date Other Details (use if place selected is Others)

Home Office, Other 66 10-Aug-2020 15-Nov-2020


Total

66

Cost Estimate:

Cost Items Amount in USD

Remuneration and Other Expenses

All activities and inputs in the TOR but not limited to remuneration, per diem, air travel, miscellaneous travel expenses, report preparation, production, and transmission, land transportation, communications, etc. 37,300

Contingency 1,000

TOTAL

38,300