Gap Analysis on Forest Carbon Offsets in Malaysia

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    "datePublished": "2025-07-23T16:30:50+01:00",
    "description": "Malaysia is pursuing sustainable financing to support forest conservation and restoration, whilst facilitating the delivery of national agendas related to forestry, biodiversity, and climate. As part of this, the Malaysia Forest Fund (MFF) is seeking to operationalise the Forest Carbon Offset (FCO); a market mechanism that allows the transfer of emissions reduction from forests to buyers in the form of carbon offsets. \r\n\r\nThis project aims to conduct a comprehensive gap review and compliance assessment of the Forest Carbon Offset (FCO) mechanism and align it with internationally recognised carbon crediting standards while avoiding duplication with trading platforms like Bursa Carbon Exchange (which is a marketplace to buy and sell carbon credits, rather than produce and certify credits). \r\n\r\nThe project will consist of several key activities:\r\n\r\nConduct benchmarking and gap assessment, draft standard-compliant document\r\n\u2022\tArrange and attend in person workshop with MFF to finalise scope and expectations for delivery\r\n\u2022\tReview current Forest Carbon Offset (FCO) documentation against requirements of CORSIA and ICVCM.\r\n\u2022\tMap gaps related to additionality, permanence, MRV, baselining, co-benefits and contributions to SDGs, and leakage management, safeguards, and negative impacts on gender, social, economic and environment.\r\n\u2022\tConduct peer review and consultations, and preparation of necessary documentation for the application with CORSIA and ICVCM.\r\nProvide technical support to MFF in harmonisation and accreditation\r\n\u2022\tProvide hands-on technical support to MFF in managing their applications to accrediting bodies, with the first application planned for February 2026.\r\n\u2022\tSupport on due diligence and methodological improvements. The expert will assist with interpretation of international laws, commitments and standards, advise on revisions to FCO instruments, and contribute to institutional learning.\r\n\u2022\tDevelopment of a toolkit which will bear in mind lessons learned and be a practical guide for MFF use in future applications. \r\n\u2022\tProvide ongoing technical advice to support MFF in the harmonisation of the FCO.\r\n\u2022\tParticipation in fund-wide communities of practice for results and lessons sharing, including provision of input for possible case studies.\r\n\u2022\tParticipate in any additional promotional activities encouraging the usage of the FCO in Malaysia\u0027s carbon markets as requested by MFF and UK PACT. \r\n\r\nPlease forward your quotento Expertdeployments@ukpact.co.uk  in accordance with the Details for Submission above by the Close Date and Time. This RFQ includes the following materials:\r\n\r\nSchedule 1 - Terms of Reference\r\nSchedule 2 - Instructions for submission\r\nSchedule 3 - Terms and Conditions  \r\nAnnex I - RFQ Response Form\r\nAnnex II - Budget and workplan template",
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    "title": "Gap Analysis on Forest Carbon Offsets in Malaysia",
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