Award

RAF015 2526 Scoping Study: Climate transition and global financial stability

DEPARTMENT FOR ENERGY SECURITY & NET ZERO

This public procurement record has 12 releases in its history.

ContractTermination

19 Jan 2026 at 12:55

Award

05 Sep 2025 at 10:29

TenderUpdate

22 Jul 2025 at 09:01

TenderUpdate

18 Jul 2025 at 13:52

TenderUpdate

18 Jul 2025 at 13:43

TenderUpdate

18 Jul 2025 at 13:28

Tender

18 Jul 2025 at 13:26

PlanningUpdate

15 Jul 2025 at 13:30

PlanningUpdate

10 Jul 2025 at 13:24

PlanningUpdate

08 Jul 2025 at 17:35

Planning

08 Jul 2025 at 16:08

Planning

27 Jun 2025 at 12:49

Summary of the contracting process

The procurement process for the "RAF015 2526 Scoping Study: Climate transition and global financial stability" was initiated by the Department for Energy Security & Net Zero in collaboration with the Foreign Commonwealth and Development Office. This study focuses on the risks posed by climate change to financial stability and explores the scope for private sector investments in climate transitions, primarily in emerging markets and developing economies (EMDEs). The contract was awarded to Adam Smith International, a large-scale supplier based in London. However, the contract was terminated as of 19th January 2026 after its completion. The initial tender was announced on 18th July 2025, with the contract running from 1st September 2025 to its scheduled end date of 1st December 2025. The procurement was conducted using an open competition method, despite being below the threshold. The final value of the completed contract was £78,675, excluding VAT.

This procurement presented a valuable opportunity for businesses specializing in research services, particularly those with expertise in climate finance and global financial systems. Companies with relevant capabilities could leverage this tender to establish or strengthen their presence in the public sector, specifically in environmental finance. The engagement with high-profile departments such as the Department for Energy Security & Net Zero and the Foreign Commonwealth and Development Office demonstrates the strategic importance of the project and could provide a platform for further opportunities. Businesses equipped to deliver complex analytical studies, and those with past experiences engaging with international financial architectures, would have been well-suited candidates for this contract. Moreover, the process offered potential for subcontracting opportunities and suggested scope for future research, thus proving beneficial for various scales of companies, including SMEs.

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Notice Title

RAF015 2526 Scoping Study: Climate transition and global financial stability

Notice Description

In partnership with the industry-led EMDE Investor Taskforce convened by the Minister for International Development and the Economic Secretary to the Treasury, DESNZ on behalf of the UK government is commissioning a scoping study to consider the risks raised in 'The UK as a Climate Finance Hub' report [1] and determine whether additional research is needed. The scoping study will include a literature review that addresses the points raised in the report, specifically and including (i) the risk that climate change poses to UK and global financial stability and how current approaches manage that risk; (ii) the potential impact of a delayed or failed transition in EMDE on portfolios held by investors based in developed markets, including the UK, taking into account a globally connected financial system, supply chains and trade dependencies, and the location of many systemically important natural assets and transition commodities; and (iii) the scale of the opportunity for private sector financial institutions to invest in the climate transition in EMDEs, and their appetite for doing so. The scoping study will be funded by DESNZ and delivered by an external delivery partner. The maximum contract budget for this work is PS80,000 excluding VAT. The scoping study will be delivered within 12 weeks through two discrete elements: - Literature review, supported by engagement with relevant international financial architecture[2] (IFA) actors - Recommendations on whether further targeted research is desirable, the form and focus this would take if so, and future stakeholder engagement and delivery The delivery partner will be responsible for identifying, contracting, and managing any subcontractors and subject matter experts required to deliver its required outputs and outcomes as specified in this scope of works. [1] Various (2025) The UK as a Climate Finance Hub [2] The international financial architecture refers to the governance arrangements that safeguard the stability and function of the global monetary and financial systems. our-common-agenda-policy-brief-international-finance-architecture-en.pdf

Lot Information

Lot 1

Renewal: The Contract may be extended by mutual agreement to allow for completion of outstanding requirements within the defined scope

Planning Information

To participate in the EME, please complete the form at the following Microsoft Forms link: https://forms.office.com/e/s4wnpE9Hpp The scoping document can be found at the following link: https://beisgroup.ukp.app.jaggaer.com/esop/guest/go/opportunity/detail?opportunityId=60063

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-055531
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/004326-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK11 - Contract Termination Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services


CPV Codes

73110000 - Research services

Notice Value(s)

Tender Value
£80,000 Under £100K
Lots Value
£80,000 Under £100K
Awards Value
Not specified
Contracts Value
£80,000 Under £100K

Notice Dates

Publication Date
19 Jan 20261 months ago
Submission Deadline
4 Aug 2025Expired
Future Notice Date
21 Jul 2025Expired
Award Date
28 Aug 20255 months ago
Contract Period
31 Aug 2025 - 1 Dec 2025 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Terminated

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR ENERGY SECURITY & NET ZERO
Additional Buyers

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

MISSING

Contact Name
Not specified
Contact Email
internationalclimateandenergy.procurement@energysecurity.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
SW1A 2HP
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

ADAM SMITH INTERNATIONAL

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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