Framework Agreement for Legal and Technical Due Diligence of Mitigation Activities for ITMO Transactions

Title : Framework Agreement for Legal and Technical Due Diligence of Mitigation Activities for ITMO Transactions
Reference : 100013892
Process : RFP

Deadline For Applications: 14 Nov 2025 16:00 (UTC +09:00) Korea Standard Time

Date documents can be requested until : 07 November 2025 15:00
Title : Framework Agreement for Legal and Technical Due Diligence of Mitigation Activities for ITMO Transactions
Procurement No. : 100013892
Process : RFP
Description : GGGI is inviting eligible consulting firms or a consortium of firms to submit their proposals for the following scope of work:

IMPORTANT NOTICE:
The GGGI Procurement Portal will be temporarily unavailable due to essential system upgrade maintenance from Friday, 17 October 2025, 07:00 GMT until Friday, 24 October 2025, 07:00 GMT.
If you have any queries during this period, please contact us via email at procurement@gggi.org
Before the maintenance period begins, we kindly advise all bidders to download the advertised TOR and template documents from the published Document Set.

PROJECT BACKGROUND:
In 2024 GGGI launched the Carbon Transaction Facility (CTF), GGGI’s programmatic approach to scaling up international carbon trading under Article 6 of the Paris Agreement. The CTF encompasses the Article 6 Readiness Facility and multiple Carbon Funds. While the Readiness Facility is focused on providing technical assistance and increasing readiness for Article 6 trading at host country level, Carbon Funds primarily seek to channel carbon finance to developing countries through the purchase of Internationally Transferred Mitigation Outcomes (ITMOs) generated from mitigation activities implemented in GGGI Member and Partner host countries.

One of the Carbon Funds currently operational under the CTF is the Norwegian Article 6 Climate Action (NACA) Fund. The NACA Fund is part of the Norwegian Global Emission Reduction Initiative and aims to facilitate carbon transactions under Article 6 of the Paris Agreement, raise global climate action, support and promote best practices under Article 6, and contribute to the development of an equal playing field in international carbon markets. GGGI manages the NACA Fund as trustee on behalf of the Norwegian Ministry of Climate and Environment (NMCE) and seeks to develop mitigation activities and purchase ITMOs generated from such activities to support achievement of the objectives of the NACA Fund. To purchase ITMOs, GGGI, as trustee of the NACA Fund, will enter into Mitigation Outcome Purchase Agreements (MOPA) with relevant seller entities (e.g., mitigation activity proponents or aggregators, which may be public or private institutions).

The NACA Fund aims to purchase ITMOs from a range of different mitigation activities, including Policy-Based Programs (PBP), Programmes of Activities (PoA), and stand-alone mitigation activities. PBPs are currently being developed with NACA Fund support in several host countries using Gold Standard’s new Policy Requirements and Procedures. PoAs and stand-alone mitigation activities will likely be developed utilizing Gold Standard methodologies or Paris Agreement Crediting Mechanism (PACM) methodologies once available. Note that regardless of the crediting standard applied, all mitigation activities from which the NACA Fund is purchasing ITMOs also need to incorporate, as a floor/minimum, key standards and requirements (decided or emerging) under the Article 6.4 PACM.

ASSIGNMENT OBJECTIVE:
GGGI seeks to engage competent firms (or a consortium of firms) through a Framework Agreement to conduct a legal and technical due diligence assessment for mitigation activities from which the NACA Fund intends to purchase ITMOs.

For further details on the Scope of Work, please refer to the Terms of Reference available under the published Document Set

IMPORTANT TIMELINES:
The tender submission deadline is 7 November 2025, 16:00 pm KST (Korean Standard Time) / 7:00 am GMT.
Note: If any bidder has any request for clarification on the TOR or any part of the tender documents, GGGI will be happy to clarify if the request is received on or before 7 days before the deadline (namely: if the tender submission deadline is 16:00 15 April KST, then the due date for submission of request for clarification is 16:00 8 April KST).

Interested parties will be required to register their details on the GGGI e-Green Procurement Portal (https://in-tendhost.co.uk/gggi).

HOW TO OBTAIN THE DOCUMENTS:
Documents can be accessed via the e-Green Procurement Portal by selecting ‘View Details’ on the relevant notice and then clicking the ‘Tender Application’ button. If you are a new supplier, you will be required to register your details. If you have an existing account, you will need to login to the portal. Please refer to the guidance documents under the `Supplier Guidance` area of the portal for further information.

ONLINE TENDER MANAGEMENT:
Once in the Tender Management Area for the tender, there are five possible tabs: ‘Tender’, `Tender Documents`, ‘Correspondence’, ‘Clarifications’ and ‘History’. Select the 2nd tab (`Tender Documents`) where you will find useful information regarding the RFP. Scroll down to the heading ‘Tender Documents Received’ where you will be able to view / download the documents.

OPTING IN & OPTING OUT:
Please note that you may be required to ‘Opt In’ before you can start populating your response. The ‘Opt Out’ functionality will also be available throughout the duration of the tender process. Opting out will give you the option of declaring you no longer want to receive any further communication in relation to this tender along with the opportunity of providing comments and feedback for this decision. You can choose to ‘Opt In’ at any time during the tender process if you initially decided to ‘Opt Out’.

SUBMITTING YOUR RESPONSE VIA THE PORTAL:
Please note that you may be required to ‘Opt In’ to be able to submit a response through the portal. Tenderers will be required to upload any mandatory Placeholders (i.e. specified documents) within the `Tender Documents` tab. The ability to attach additional documents may also be available. Your proposal will not be submitted until you click `Submit Return`, located towards the bottom of the screen. On clicking `Submit Return`, you will receive a receipt confirming that your proposal has been submitted to GGGI.
Please read Instructions on How to submit the Proposal.

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