Output 1. Identify the priority sectors and sub-sectors for implementing enhanced climate actions and provide a detailed analysis of the costs and benefits of each action. Provide recommendations for the most effective and efficient use of resources to make Panama more climate resilient and long-term sustainable. Product No. 1. An inception report detailing the proposed approaches and specific work plan to achieve the detailed deliverables. The document should encompass the following: • Definition of the project's scope by identifying the key action points and specifying the stakeholders required to complete the project. • Conduct a needs assessment to gather information on MiAmbiente's requirements, goals, and expectations. This information should be collected through meetings and interviews. • Develop a work plan with the proposed approach in mind. It should also identify any potential risks and mitigation strategies. Product No. 2. A document containing a cost-benefit analysis of selected enhanced climate actions in at least five sectors of Panama's NDC (agreed on with MiAmbiente). The report will provide an in-depth analysis of the costs and benefits of implementing these enhanced climate actions. The completed cost-benefit analysis report will be a valuable tool for policymakers and stakeholders in Panama seeking to enhance their climate action efforts in a cost-effective and impactful manner. Product No. 3. A report with an assessment document of the budget and cost structure for implementing the adaptive and mitigation measures in Panama (identified in Product 2), which aim to make Panama more climate resilient and long-term sustainable. The report will provide an in-depth analysis of the costs associated with implementing adaptive and mitigation measures, in the short-term and long-term, including costs related to their implementation and the longer-term monitoring of their effectiveness in light of continued change and the availability of new climate change data. (Work alongside Loss and Damage consultant). • Meet with relevant stakeholders to understand the current context on decision-making on climate change in Panama and to identify priority sectors and sub-sectors for implementing enhanced climate actions in the country. • Identify barriers and opportunities, as well as the costs of implementing these enhanced climate actions. • Provide recommendations for support actions and synergies with existing support programs at national and regional levels.