--- title: "RAF015 2526 Scoping Study: Climate transition and global financial stability" ocid: "ocds-h6vhtk-055531" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-055531" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-055531.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-055531.json" source: "Find A Tender Service" current_stage: "Award" buyer: "DEPARTMENT FOR ENERGY SECURITY & NET ZERO" published: "2026-01-19" --- # RAF015 2526 Scoping Study: Climate transition and global financial stability Buyer: DEPARTMENT FOR ENERGY SECURITY & NET ZERO Current stage: Award OCID: ocds-h6vhtk-055531 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-055531) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-055531.json) ## Summary 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. ## Notice 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 ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/004326-2026 | | 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 | | All stages | Planning, Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 19 Jan 2026 | | Submission deadline | 4 Aug 2025 | | Future notice date | 21 Jul 2025 | | Award date | 28 Aug 2025 | | Contract period | 31 Aug 2025 - 1 Dec 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £80,000 | | Lots value | £80,000 | | Awards value | Not specified | | Contracts value | £80,000 | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Complete | | Awards status | Active | | Contracts status | Terminated | ## Buyer | Field | Value | | --- | --- | | Main buyer | DEPARTMENT FOR ENERGY SECURITY & NET ZERO | | Additional buyers | FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE; Missing | | Locality | LONDON | | Post town | South West London | | Postcode | SW1A 2HP | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | Westminster | | Electoral ward | St James's | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | ADAM SMITH INTERNATIONAL | ## CPV Codes ### Divisions - 73 - Research and development services and related consultancy services ### Codes - 73110000 - Research services ## Release History - 19 Jan 2026 at 12:55 - ContractTermination - UK11 - Contract Termination Notice - https://www.find-tender.service.gov.uk/Notice/004326-2026 - 5 Sep 2025 at 10:29 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/054219-2025 - 22 Jul 2025 at 09:01 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/041851-2025 - 18 Jul 2025 at 13:52 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/041356-2025 - 18 Jul 2025 at 13:43 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/041349-2025 - 18 Jul 2025 at 13:28 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/041340-2025 - 18 Jul 2025 at 13:26 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/041336-2025 - 15 Jul 2025 at 13:30 - PlanningUpdate - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/040064-2025 - 10 Jul 2025 at 13:24 - PlanningUpdate - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/038978-2025 - 8 Jul 2025 at 17:35 - PlanningUpdate - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/038401-2025 - 8 Jul 2025 at 16:08 - Planning - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/038391-2025 - 27 Jun 2025 at 12:49 - Planning - UK3 - Planned Procurement Notice - https://www.find-tender.service.gov.uk/Notice/035803-2025 ## Documents - https://www.find-tender.service.gov.uk/Notice/004326-2026 19th January 2026 - Contract termination notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/054219-2025 5th September 2025 - Contract details notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/041851-2025 22nd July 2025 - Tender notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/041356-2025 18th July 2025 - Tender notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/041349-2025 18th July 2025 - Tender notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/041340-2025 18th July 2025 - Tender notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/041336-2025 18th July 2025 - Tender notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/040064-2025 15th July 2025 - Preliminary market engagement notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/038978-2025 10th July 2025 - Preliminary market engagement notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/038401-2025 8th July 2025 - Preliminary market engagement notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/038391-2025 8th July 2025 - Preliminary market engagement notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/035803-2025 27th June 2025 - Planned procurement notice on Find a Tender ## Notice URLs - https://beisgroup.ukp.app.jaggaer.com/ - https://beisgroup.ukp.app.jaggaer.com/esop/guest/go/opportunity/detail?opportunityId=60063 - https://forms.office.com/e/s4wnpE9Hpp - https://www.legislation.gov.uk/ukpga/2023/54/contents ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-055531. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-055531.json.