Expression of Interest for Update- Econsult: Consultancy Services For An Assessment Of Transport Decarbonization Financing Facility In Sub-Sharan African Region

Update- Econsult: Consultancy Services For An Assessment Of Transport Decarbonization Financing Facility In Sub-Sharan African Region The World Bank Is Looking For An International Consultant To Explore The Viability Of Establishing A Regional Green Transport Decarbonization Financing Facility Which Aims To Support The Transition To Low Carbon Transport Mobility In Western Sub-Saharan Africa (Ssa). Whilst Absolute Transport Emissions Are Low Compared To Other Regions, Accelerating Mobility Needs And The Aspirations Of Owning A Vehicle Have Led To Ssa Experiencing The Highest Growth Rate In Transport Emissions. Financing Low-Carbon Transport Climate Actions In Ssa Requires Innovative Solutions Spanning Both Infrastructure And Mobility Aspects. Level And Types Of Financing Needed To Shift To Cleaner Technologies Is Either Not Available Or Not Directed At The Scale Needed. In The Case Of Ssa,The Domestic Financial Sector Does Not Have Sufficient Capacity To Finance Clean/Efficient Technologies For A Variety Of Reasons, These Include, A Lack Of Bankable Project Opportunities, Lower Risk Appetite, Imperfect Information, Local Level/Small-Sized Projects, High Barriers To Entry, In Addition To Sector Specific Challenges, Leading To A Large Financing Gap. This Is Where A Regional Green Financing Facility Offering A Blended Finance Approach To Combine Concessional, Climate Funds And Esg Resources For Low Carbon Mobility Can Provide Supply And Demand Driven Solutions. In This Context, The World Bank Is Planning To Undertake A Consulting Engagement For The Assessment Of Demand For Low-Carbon Transport Financing, Understanding Key Barriers For Planning, Preparing Financing And Implementation,Viability Of Establishing A Regional Financing Facility Including Through Market Testing And Preparing A Roadmap For Implementation.