[{"bbox": [81, 146, 1144, 1629], "category": "Table", "text": "<table><tr><td></td><td>cities/municipalities) or private borrower may face difficulties in reimbursing the principal of the green note debt. Weakness of the off-take agreement on volume contracts in e.g., solid waste management/ reduction or circular businesses.</td><td></td><td>guarantees schemes from the EIB, EFSD+ and or government sovereign guarantees on the green and/or sustainability bonds.</td></tr><tr><td></td><td>Climate change is amplifying the impact of the plastic waste crisis, further worsening environmental conditions, increasing the risk to flooding, coastal degradation, pollution-borne diseases.</td><td>High</td><td>Medium</td><td>The transition to a circular plastic economy minimizes the risk of flooding and therefore contributes to the mitigation of consequences of natural disasters, which will occur more frequently with more intense precipitation patterns and higher sea levels.</td></tr><tr><td>2. Planning, processes and systems</td><td>Lack or slow uptake of expanding Research &amp; Innovation facilities (including for prototyping).</td><td>Medium</td><td>High</td><td>Ensure early involvement from the Department of Science and Technology (DOST) and the University of the Philippines UPSCALE Innovation Lab throughout the different stages of launching the Circular Cities Concept interventions<br>Facilitate linkage with the DOST Science for Change Programme (S4CP) and CRADLE Project, (providing academic and/or R&amp;D partnerships for companies bringing at least 20% of counterpart funding) to tap into available R&amp;D facilities.<br>The proposed pioneer cities - Cebu City and Mandaue (both on Cebu Island), Metro Manila and Baguio (both on Luzon), have access to several facilities.</td></tr><tr><td>3. People and the organisation</td><td>LGUs not interested (lack of ownership) to collaborate in the intervention areas, and lack sufficient capacity to absorb and institutionalise support.</td><td>Medium</td><td>Medium</td><td>Some LGUs in the country are already initiating green policies, priorities and investments. Through the Mandanas ruling, local government will have larger budgets and more project investments responsibilities. It will be core to the intervention area 1 to advise on public planning and budgeting that takes these new funds into account and advises on how to close budgetary funding gaps for a circular plastic economy transition.</td></tr></table>"}, {"bbox": [1026, 1680, 1140, 1704], "category": "Page-footer", "text": "Page 13 of 31"}]