Context
Country delegates are seeking to advance activities aimed at having common minimum reference frameworks for the implementation of a regional taxonomy. Although the countries have already begun to approach an ad hoc taxonomy of green and climate finance, there is mutual interest in adopting common minimums that would allow for a significant degree of comparison and a governance structure for its implementation and update.
To date, Colombia and Mexico are the only Pacific Alliance countries with a developed and implemented taxonomy, and therefore their experience and existing taxonomies will be a starting point to articulate and harmonise future actions aimed at regional frameworks to classify activities and environmentally sustainable investments. The Government of Ecuador expressed interest in undertaking a pilot activity that contributes to formulating a roadmap and governance framework for the development of its green taxonomy.
In response to this request, Gold Standard facilitated in the first quarter of 2024, a series of guided discussions with government focal points, other experts within national governments and other stakeholders to clarify and identify the objectives and priorities of Ecuador and to inform the development of a concept note for the implementation of a pilot on Common taxonomies and governance. During these sessions, country delegates collectively defined the scope, timeframe, local expertise needs, governance, and ownership structure for the implementation of pilot activities over the following 1-2 years to ensure that these are appropriately designed, relevant, impactful and represent value for money.
Gold Standard is seeking a local consultancy firm (based in Ecuador or in one of the other countries supported through this project: Colombia, Mexico, Chile or Peru) with subject matter expertise in Common taxonomies and governance to lead delivery of agreed products under this pilot. As described below, the consultancy firm will play a critical role in implementing the identified activities in the pilot concept note and ensuring all country needs are met.
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ECCC's financial support does not include Chile since this country is no longer included in the list of Official Development Assistance (ODA) recipient countries.