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Request for proposals for Comprehensive Technical, Financial, and Regulatory Analysis for the Establishment of Complementary Instruments for Post-Consumer Plastics Management in Colombia (Ctl 003) GGGI has been working with the Government of Colombia to advance green growth policies and green investments through strategic partnerships such as with the Ministry of Environment and Sustainable Development (Minambiente), the Ministry of Agriculture and Rural Development, the Ministry of Treasury and Public Credit, and the National Planning Department (DNP), among others. Since 2014, GGGI has supported Minambiente in its objective of advancing in the fulfillment of climate goals and the achievement of SDGs. In that regard, GGGI and Minambiente have collaborated primarily under a strategy to control deforestation and promote sustainable alternatives to safeguard standing forest, including the bioeconomy, green businesses, and the forest economy. Recently, the circular economy has been prioritized by Minambiente and GGGI as a focus area for cooperation. Project Description: Global plastic consumption has doubled since 2000 yet recycling rates in most developing economies remain below 10 percent. As a result, uncollected plastics clog drainage systems, pollute rivers and coastlines, and contribute to greenhouse gas (GHG) emissions throughout their life cycle. Colombia produces approximately 1.41.6 million tonnes of plastic annually, with per capita consumption around 28kg per year (ANDI, 2023). However, recycling rates remain low, only about 17% of plastic waste is recovered, while the majority is landfilled or leaks into the environment (ANDI, 2023). In coastal regions, up to 65% of improperly managed plastic waste enters the marine environment, contributing to severe ocean pollution (INVEMAR, 2020). Although Colombias recycling industry is expanding, driven by both formal and informal sectors, the gap between plastic production and recovery underscores a significant opportunity to scale circular economy solutions and reduce plastic leakage (UN Environment, 2020). The economic cost of these externalitiesincluding marine litter clean-up, ecosystem degradation, and health impactsis estimated at USD 300600 billion annually (OECD 2022; WWF 2021). Market-based instruments such as Extended Producer Responsibility (EPR) fees, plastic levies, and credit schemes offer a way to internalize some of these costs. However, their implementation is often hindered by limited data, scarce financing, low awareness and underdeveloped project pipelines. This is the case in Colombia, where the implementation of Resolution 1407/2018 and Law 2232/2022, which set phased EPR targets for packaging and support the gradual reduction in the production and consumption of certain single-use plastic products, reflects significant challenges. Bridging these gaps demands a coordinated, programmatic approach that systematically links policy reform, integrated data systems, and scalable project pipelines, backed by capacity building. Well-calibrated market-based mechanisms can generate predictable cash flows to support results-based financing models, including green bonds and transition loans. GGGI has established the Plastic Pricing and Financing Program (PPFP) as a significant opportunity to transform plastic-pricing policies into drivers of circular economy investment. Instruments such as Extended Producer Responsibility (EPR) fees, plastic levies, pay-as-you-throw tariffs, and deposit-refund systems can generate financial flows that, if strategically directed, support projects reducing plastic consumption and leakage. By linking these payments to investment pipelines, stakeholders can unlock financing for innovative solutions, such as recycling infrastructure, alternative materials, and waste management systems, creating measurable environmental and economic benefits. In that context, during the second semester of 2025, GGGI and Minambiente proposed a project titled Accelerating Plastic Pricing and Financing Mechanisms to the Korean Green New Deal Fund, which was approved in late 2025. Therefore, GGGI is seeking a Service Provider (herafter Service Provider) to support Minambiente by providing detailed information, analysis, and recommendations to advance in the management of plastic residues. Objective of the Consultancy The consultancys objective is to provide technical, financial, and regulatory inputs to the Ministry of Environment and Sustainable Development to establish complementary instruments for the post-consumer management of plastics, oriented toward circular-economy investments that measurably reduce plastic consumption and environmental leakage. Proposed Activities and Scope of Work 1) Proposed Activities for the Overall Project The objectives of the services will be achieved through the following major overall activities: Develop a detailed work plan. Carry out a desk review of the central and complementary regulations associated with Resolution 1407 of 2018, Resolution 803 of 2024, Law 99 of 1993, and Law 2232 of 2022, among others, complemented by consultations with key stakeholders. Identify the main gaps, and provide initial recommendations for the design of pricing and financing instruments for plastic that complement and strengthen the existing EPR scheme and broader regulatory system. Develop an operational proposal including: a list of applicable pilot project ideas, consultation with key government entities, the development of the Project Idea Note, and a preliminary scheme of the logic of recovery of investment and operation costs of the pilot. Develop a preliminary comprehensive assessment analyzing in detail the infrastructure needs, compatibility with the current regulatory framework, proposing the necessary legal modifications Evaluate and compare two investment options (e.g., national transition bond vs. credit line with blended financing), evaluating them against the established criteria (financial viability, regulatory readiness, alignment of actors, and scalability), as part of a benchmark report. Prepare the financing plan for the selected instrument, including rates, CAPEX/OPEX costs, tariff logic, including cash projections, sensitivity analysis, and implications for the final design of the tariff instrument. Develop a roadmap for project investing with concrete actions and a timeline, and create profiles of potential investors. Design a Preliminary Environmental and Social Assessment covering first formal and informal wastepickers, and relevant groups such as Women, Youth, People with Disabilities, Ethnic Groups, Campesino communities, Victims of the Armed Conflict and former Combatants who signed peace agreements). This has to consider an Indicative Term Sheet identifying potential risks and impacts and proposing management measures aligned with the International Finance Corporation (IFC) Performance Standards. Tender Link : https://in-tendhost.co.uk/gggi/aspx/Tenders/Current
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