Request for Proposal For Consultancy For Scoping And Feasibility Study Of Papua New GuineaS Green Catalogue Under PngS Inclusive Green Finance Policy And Roadmap

Request for proposals for Consultancy for Scoping and Feasibility Study of Papua New Guineas Green Catalogue under PNGs Inclusive Green Finance Policy and Roadmap (IGFPR). Application Deadline: Sep 18, 2025 Description : Global Green Growth Institute in Papua New Guinea invites eligible firms to submit their proposals for Consultancy for Scoping and Feasibility Study of Papua New Guineas Green Catalogue under PNGs Inclusive Green Finance Policy and Roadmap (IGFPR). ABOUT GGGI: The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page. Since joining GGGI in 2012, Papua New Guinea (PNG) has embarked on a partnership to foster sustainable and inclusive economic growth. GGGI established its presence in PNG in 2018, working closely with the government to integrate climate-resilient green growth (CRGG) strategies and execute green growth projects by mobilizing climate finance and investments The GGGI PNG main office is strategically positioned within the Climate Change Development Authority (CCDA) of the Government of Papua New Guinea, with additional presence housed within the Bank of Papua New Guinea (BPNG) and seven select provincial governments. GGGI PNG is currently implementing several national and regional projects supported by bilateral and multilateral donor partners. One of the flagship projects under the GGGI PNG Program is the Inclusive Green Finance Project (IGFP) which has established the Green Finance Center (GFC) with funding from New Zealand and the Agence Française de Développement (AFD). The IGFP is being implemented by GGGI as the delivery partner in collaboration with the BPNG, CCDA and Department of Treasury (DoT). The GFC which is responsible for implementing the IGFP Policy and Roadmap which aims to enhance the financial ecosystem in PNG by integrating green finance principles, creating an enabling environment to mobilize climate finance, and promoting green investments in the country. The GFC office, strategically located within the BPNG, provides a platform for collaboration with financial stakeholders to advance green financing initiatives at both national and sub-national levels. PROJECT OBJECTIVES AND BACKGROUND: Background The Green Catalogue (GC) is an initiative under the IGFP Roadmap, supported by BPNG and will be funded by AFD. The objective of the GC is to assist financial institutions to identify green loans in their lending operations and aid in scaling up the volume of inclusive or green loans in Papua New Guinea, aligning with the countrys Inclusive and Green Taxonomy. Objective To engage consultants/consulting firms to provide expert services in Scoping and Feasibility Study for the Green Catalogue: The primary objectives of the Green Catalogue are to: - Facilitate Green Financing: Enable financial institutions to effectively utilize green finance refinancing facilities to support environmentally sustainable projects by offering a standardized reference for green technologies. - Mitigate Green washing Risks: Reduce the risk of misleading or unsubstantiated claims in green portfolio reporting by establishing clear eligibility criteria. - Streamline Investment Decisions: Simplify the process for financial institutions to determine whether investments qualify as green, ensuring consistency and transparency. Project Summary & Impact The project aims to assess the potential and develop a design concept with costs for creating a Green Catalogue tailored to the banking and microfinance sector in Papua New Guinea. This catalogue will serve as a comprehensive list of eligible green technologies, providing a clear framework for identifying and categorizing green investments. The GC will complement the Green Refinancing Facility developed by GFC and funded by AFD. The project will be managed by GFC under the guidance of the IGFP Steering Committee in close collaboration with BPNG. Project Context Summary of IGFP Phase I (2020-2023). The first phase of IGFP project involved the following: Establishment and operationalization of the IGFP Steering Committee (chaired by BPNG), Establishment and operationalization of the IGFP Technical Working Group (comprised of line ministries, local financial institutions, bilateral/multilateral development agencies, and NGOs) Development of the Inclusive and Green Finance Policy (IGF Policy) of PNG, which includes: o A Diagnostic Report on the State of Inclusive and Green Finance in PNG, o Inclusive and Green Taxonomy, and, o IGFP Implementation Roadmap Establishment and operationalization of the GFC to be responsible for implementing the IGF Policy and all future initiatives related to green finance in Papua New Guinea Summary of IGFP Phase II (2024-2027). The second phase of IGFP project involves the following: Enhancing the readiness of local FIs to apply the taxonomy to their lending operations and receive/utilize funding (e.g., grants and concessional loans) from donors to increase their portfolio of inclusive or green loans, and, Developing green loan products aligned with the taxonomy with participating financial institutions. Development of GRF in IGFP Phase III (2025-2026) to incentivize and scale up the volume of inclusive or green loans in PNG. Establishing a robust and user-friendly Green Catalogue, this initiative seeks to promote sustainable financing practices, enhance accountability, and support Papua New Guineas transition toward a greener economy. Tender Link : https://www.developmentaid.org/#!/tenders/search

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