Notice Information
Notice Title
Estimating the future prices and scale of engineered GGRs in Voluntary Carbon Markets
Notice Description
This project will forecast the future prices and scale of engineered Greenhouse Gas Removals (GGRs) in Voluntary Carbon Markets (VCMs) to strengthen internal analysis in DESNZ and inform the design of the GGR Business Model, including how it can best complement integration of GGRs into the UK Emission Trading System (ETS). External VCM forecasts, which DESNZ currently relies on for internal analysis, have various limitations, including a lack of transparency in their assumptions and few attempts to isolate the price of engineered removals specifically, amongst others. We are interested in tenders that would deploy economic modelling to provide a probabilistic assessment of scenarios & assumptions that will affect the prices and volumes of engineered GGRs in VCM i.e. what will participants value most when purchasing a credit in the future and how will this impact volume sold/price? This modelling should also be preceded by literature reviews to highlight the existing landscape of engineered GGRs in VCMs. Modelling should consider both the demand and supply side of the market for engineered GGR credits to estimate the likely price and quantity of engineered GGR credits over time (from 2030 to 2050 in yearly intervals). Demand forecasts could estimate the Marginal Willingness to Pay curves of corporate buyers of engineered GGR credits. Supply forecasts could estimate Marginal Cost curves for different GGR technologies. DESNZ could use these improved forecasts to refine their internal analysis on exchequer funding costs. More accurate forecasts could also help inform decision-making on the GGR Business Model i.e. establishing optimal levels for any price floor and volume support. While research is unlikely to conclude in time for the next BM update, findings would help inform later updates, future iterations of the Business Model and strengthen our bargaining position in negotiations, hence the benefit of doing this research as early as possible. Outputs of
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-b5fd17-d2edb989-643f-4118-bc1c-1bbc2aa4e5b3
- Publication Source
- Contracts Finder
- Latest Notice
- https://www.contractsfinder.service.gov.uk/Notice/e4c558b5-e977-46df-b663-3095549a97a3
- Current Stage
- Award
- All Stages
- Tender, Award
Procurement Classification
- Notice Type
- Award Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Open procedure (below threshold)
- Tender Suitability
- SME, VCSE
- Awardee Scale
- SME
Common Procurement Vocabulary (CPV)
- CPV Divisions
73 - Research and development services and related consultancy services
-
- CPV Codes
73200000 - Research and development consultancy services
Notice Value(s)
- Tender Value
- £56,700 Under £100K
- Lots Value
- Not specified
- Awards Value
- £56,700 Under £100K
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 19 Feb 20251 years ago
- Submission Deadline
- 13 Dec 2024Expired
- Future Notice Date
- Not specified
- Award Date
- 12 Feb 20251 years ago
- Contract Period
- 7 Feb 2025 - 6 Jul 2025 1-6 months
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Not Specified
- Awards Status
- Active
- Contracts Status
- Not Specified
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- DESNZ
- Contact Name
- Buildings and Energy, FM Procurement
- Contact Email
- fmprocurement@uksbs.co.uk
- Contact Phone
- 01793 867005
Buyer Location
- Locality
- SWINDON
- Postcode
- SN2 1FF
- Post Town
- Swindon
- Country
- England
-
- Major Region (ITL 1)
- TLK South West (England)
- Basic Region (ITL 2)
- TLK7 Gloucestershire and Wiltshire
- Small Region (ITL 3)
- TLK71 Swindon
- Delivery Location
- Not specified
-
- Local Authority
- Swindon
- Electoral Ward
- Rodbourne Cheney
- Westminster Constituency
- Swindon North
Further Information
Notice Documents
-
https://www.contractsfinder.service.gov.uk/Notice/e4c558b5-e977-46df-b663-3095549a97a3
19th February 2025 - Awarded contract notice on Contracts Finder -
https://www.contractsfinder.service.gov.uk/Notice/be4dcc4b-cd67-4e99-be05-4fd2752ae03e
5th December 2024 - Opportunity notice on Contracts Finder -
Notice URLs
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.
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