**INTRODUCTION TO 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. **GENERAL INFORMATION**: - Duty Station: Colombia, Bogotá D.C (hybrid) - Contract Duration: January 2025 to July 2025 - Number of Work Days Estimated (internal purpose only): 127 days - Consultant Level: Level 2 - Total Fees: $ 15,000 USD **PROJECT BACKGROUND**: GGGI has a diverse portfolio of programs in developing countries around the world. These national programs and global products and services focus on generating results through an integrated approach to planning and implementing green growth based on evidence and aligned with countries' development priorities. The organization also prioritizes knowledge development and management activities, establishing a solid theoretical and empirical foundation for green growth. This includes offering concrete options and guidance to policymakers and creating conditions for green investments. GGGI’s sustainable finance team develops innovative financial instruments to support the transition to sustainable economies, including green, social, and sustainability bonds, sustainability-linked instruments, and debt-for-nature swaps. Since 2017, GGGI has facilitated significant investments towards the sustainability goals of its member countries. In 2024, GGGI partnered with the European Commission on the Global Green Bond Initiative to support the sustainable bond market in Latin America, the Caribbean, Southeast Asia, and Sub-Saharan Africa. In Colombia, work is underway to strengthen the green financing market and foster the growth of financial instruments that drive a low-carbon and climate-resilient economy. Through strategic partnerships, GGGI has collaborated with the Government of Colombia to promote green growth and investment policies. These alliances include collaborations with the Ministry of Environment and Sustainable Development (MADS), the Ministry of Agriculture and Rural Development (MADR), the Ministry of Finance and Public Credit (MHCP), and the National Planning Department (DNP), among others. Since 2014, GGGI has supported the DNP in advancing a green growth vision and transition plan for Colombia to support climate goals and the achievement of the SDGs. GGGI supported the development of the Green Growth Working Group led by the DNP (2016-2018), which produced valuable information for designing the Green Growth Policy—GGP (adopted through CONPES 3934 of 2018). Furthermore, Colombia has made significant progress in designing and implementing standardized methodologies, such as Environmental, Social, and Governance (ESG) and the Colombian Green Taxonomy, to ensure the sustainability of national investments. However, economic and financial investments are essential to mobilize resources for the socioeconomic and cultural transformations necessary in the country to advance the climate transition. Although the Government of Colombia has made significant progress in developing a robust policy framework and updating the country's National Climate Finance Strategy to promote sustainable climate finance and resource mobilization to meet mitigation and adaptation goals, it is necessary to increase climate investments in strategic sectors for a fair transition to low-carbon and climate-resilient economic development. In 2021, GGGI was awarded funding by the UK PACT program in Colombia to develop the project “Accelerating the Development of New Bioeconomy Businesses and Enhanced Capacities for Green Jobs Promotion and Increased Climate Action Ambition from Policy Implementation and Integration.” This initiative led to the creation of the Bioeconomy Accelerator Mechanism, designed to strengthen the capacity of bioeconomy businesses and support MinCiencias in meeting its targets of endorsing 126 bioproducts by 2022 and 500 by 2030. A complementary knowledge-sharing component was also included to disseminate case studies, lessons learned, best practices, and policy recommendations. In 2019, with support from MinCiencias, GGGI designed and launched the Bioeconomy Projects Acceleration Mechanism (MAPBIO). The mechanism provides technical assistance to accelerate bioproducts during their final development stages. The first call for proposals received 26 submissions, which were evaluated using a multi-criteria analysis, and four bioproducts were supported. After the successful implementation of MAPBIO 1.0, GGGI was awarded an extension project to scale up MAPBIO and collaborate further with MinCiencias and INNpulsa. The current MAPBIO 3.0 call for proposals focused on the Pacific and Amazon regions, receiving 12 submissions and selecting two bioproducts for support. To date, MAPBIO has successfully supported 20 bioproducts, contributing to the nati