GGGI Consultancy Opportunity: Climate Finance Senior Advisor

The GCF works through its accredited entities to channel their funding to developing countries. National Direct Access Entities (DAE) are one of the GCF’s distinct approaches designed to help developing countries increase their ownership of climate change funding and better integrate it with their national climate action plans. For the countries, obtaining direct access to climate funding allows them to flexibly tailor projects to meet domestic priorities, coordinate and monitor projects due to geographical proximity that allows for better communication among parties, and eliminate various costs associated with planning, coordination, and implementation. Direct access may also help to better integrate local context in climate projects and programs and enhance the transfer of local knowledge and experience.

Indonesia prioritizes candidate DAE accreditation to ensure effective and efficient engagement with AEs. Currently, priority is given to banking and financial institutions to encourage financing of small, medium, and large projects in various sectors, and enable more innovative and flexible financing instruments. Moreover, banking and financial institutions are formally regulated by Indonesia’s Financial Service Authority (OJK). Indonesia has one financial institution that is accredited as DAE, namely PT SMI, and two financial institutions that are nominated DAEs – Bank Artha Graha Internasional, and Bank CIMB Niaga.

The Climate Finance Sr. Advisor (hereafter referred to as “the Consultant”) will work closely with the GGGI Readiness Team and the NDA to support two high-level outcomes of Indonesia’s GCF Readiness project:

1. Direct access applicants and accredited entities (DAEs) have established the capacity to meet and maintain the GCF accreditation standards; and accredited DAEs have the capacity to develop a pipeline of projects and effectively implement GCF-funded activities.
2. Strategies for transforming and attracting private sector investment for low emissions and resilience will be developed and used.

 

DELIVERABLES AND PAYMENT SCHEDULE

The Global Green Growth Institute requires the services of a qualified expert to act as the Climate Finance Sr. Advisor (hereafter referred to as “the Consultant”) to the NDA of the GCF in Indonesia. The consultant shall work under the guidance of the NDA and GGGI team and attend regular coordination meetings with NDA and GGGI with the scope below within two focused workstreams:

Workstream 1: Improve existing and nominated DAEs’ capacity and project pipeline.

1. Develop policy and strategy recommendations to address governance and institutional capacity for PT SMI, Bank Artha Graha Internasional and Bank CIMB Niaga, including a clear approach on design and plan for climate project/program development and implementation.
2. Lead the consultation with Ministry of Finance and Financial Services Authority (Otoritas Jasa Keuangan – OJK) to discuss and confirm the policy and strategy recommendations for PT SMI, Bank Artha Graha Internasional and Bank CIMB Niaga.
3. In collaboration with other consultant (Internal Standards Development Consultant), lead the provision of technical support to  the nominated Direct Access Entity (DAE) candidates, Bank Artha Graha Internasional and Bank CIMB Niaga to build individual and organizational capacity, especially in climate change project development and management, as well as to design/upgrade internal policies in accordance with GCF’s fiduciary principles and other fiduciary standards as applicable.
4. Collaborate with the Internal Standards Development Consulting Firm in providing high quality technical inputs in relation to the climate finance landscape for Bank Artha Graha Internasional and Bank CIMB Niaga during the preparation, submission, and along the accreditation process.
5. Evaluate the accreditation process within all nominated Indonesian entities to accelerate any future accreditation process, evaluate the whole process to develop a report on lessons learned, and share the lessons with the NDA. Support the write up of summary paper that will be published online to present a general picture of the lessons learned.
6. Assess the needs for capacity building activities for existing DAEs and develop the TOR for the capacity building activities.
7. Collaborate with other consultant (Capacity building Consultant) for the preparation and execution of four series of workshops for DAEs aligned with GCF investment criteria.

Workstream 2: Increase private sector investments in climate action and Improve climate finance coordination.

For this assignment, the Consultant will work together with two other consultants – one will develop investment guidelines for the NDA and another consultant will help the NDA establish a climate finance information system.

1. In collaboration with Investment Guideline Development Consultant, provide technical advice on the development of investment guidelines for selected priority sub-sectors targeting the most vulnerable groups and locations.
2. In collaboration with the Government Information system expert Consultant and with other partners supporting the NDA in related initiatives (i.e., GIZ and UNDP), lead the execution on the initial design of the Climate finance information system framework, which harmonizes the climate finance information system (dashboard of Indonesia climate finance and other relevant information).

The Consultant will report to the GGGI Indonesia Readiness Project Manager.  

The consultant is responsible for delivering the following deliverables:

No	Description	Deliverable	Payment Term	Amount
1	Deliverable 1	Submission of inception report. It should comprise a detailed work plan, proposed methodology and timeline for the accomplishment of the tasks as described in the Scope of Work, and report of kick off meetings conducted.	5 weeks after contract being signed	20% (USD 3,250)
2	Deliverable 2	Submission of report, which consist of: Policy recommendations and strategy for PT SMI, Bank Artha Graha Internasional and Bank CIMB Niaga confirmed with MOF and OJK Reports of meetings conducted	25 weeks after contract being signed	30% (USD 4,875)
3	Deliverable 3	Submission of report which consist of support provided for development of: Initial design of Climate finance information system framework Draft Investment guidelines for selected priority sectors	38 weeks after contract being signed	50% (USD 8,125)

Notes:

• The Consultant is to provide his/her own equipment to produce all deliverables.
• The Consultant shall submit the report in electronic versions readable by a Microsoft Office application.
• All outputs must be in English.
• Final deliverable must be approved by GGGI. The Consultant shall consider the comments and necessary revisions proposed to provide a final version of the deliverable in a timely manner.

 

EXPERTISE INFORMATION

He or she must have the following qualifications:

• Advanced degree (preferably a PhD), in finance, economics, public administration, international development or relevant fields;
• At least 10 years of professional experience in climate investment/finance or related initiatives is a must;
• An extensive knowledge on climate investment landscape in Indonesia;
• An excellent track record in analyzing projects/programs within national and international contexts;
• Existing network in Fiscal Policy Agency, Ministry of Finance, Financial Services Authority (Otoritas Jasa Keuangan – OJK) and relevant other government institutions such as Indonesia Environment Fund, PT SMI, is desirable;
• Existing network in financing institutions, preferably with the decision makers;
• A proven track record of working on complex and politically sensitive issues with government, the private sector and international actors;
• Very good understanding of the Green Climate Fund (GCF) and GCF investment criteria are highly desirable;
• Demonstrated experience in assessing institutional policies and frameworks;
• Proven ability to communicate clearly and effectively in written reports and other publications both in English and Bahasa Indonesia, previous writing examples might be requested.
• Demonstrated strong interpersonal and motivational skills and sensitivity to the local environment as well as the ability to work with minimal supervision.

 

ADMINISTRATIVE INFORMATION

In order to be considered for the position, the candidate must meet the minimum qualification listed below. Consideration and selection will be based on a panel evaluation of the evaluation criteria factor below. Please note that only shortlisted/finalist applicants will be interviewed or contacted. GGGI does not pay for any expenses associated with the interviews unless expenses are pre-authorized. Reference check will be conducted on those candidates selected for an interview. The applicant’s references must be able to provide substantive information about his/her past performance and abilities.

Interviews and a writing exercise may be requested. Applicants are required to prepare a brief narrative demonstrating how prior experience and/or education and training address selection criteria factors listed below:

1. Professional Competency (10 points): Advanced degree (preferably a PhD), in finance, economics, public administration, international development or relevant fields;
2. Experience (40 points): At least 10 years of professional experience in climate investment/finance or related initiatives is a must; An excellent track record in analyzing projects/programs within national and international contexts; A proven track record of working on complex and politically sensitive issues with government, the private sector and international actors; Demonstrated experience in assessing institutional policies and frameworks; Existing network in Fiscal Policy Agency, Ministry of Finance, Financial Services Authority (Otoritas Jasa Keuangan – OJK) and relevant other government institutions such as Indonesia Environment Fund, PT SMI, is desirable; Existing network in financing institutions, preferably with the decision makers;
3. Communication (10 points): Proven ability to communicate clearly and effectively in written reports and other publications both in English and Bahasa Indonesia, previous writing examples might be requested. Demonstrated strong interpersonal and motivational skills and sensitivity to the local environment as well as the ability to work with minimal supervision.
4. Technical Knowledge (40 points): An extensive knowledge on climate investment landscape in Indonesia; Understanding of the Green Climate Fund (GCF) and GCF investment criteria are highly desirable;

Maximum Points Available: 100

At GGGI’s discretion, reference checks and interviews may be conducted as part of the evaluation process.

Applicants must also include in their application package as follows:

1. A cover letter of no more than 3 pages that demonstrates how the candidate’s qualifications meet the work requirements;
2. A curriculum vitae which, at a minimum, describes education, latest experience and career achievements;
3. Names, current and accurate contract numbers (email and phone) of three professional references that have knowledge of the applicant’s abilities to perform the duties set forth in the solicitation.

All of the above information must be included in the application package in order for the package to considered complete.

Interest candidates should send the above information directly in the link https://careers.gggi.org/vacancy/

All application submitted by GGGI website must be no later than 17th  March, 2023 at 5:00 p.m. Korean Standard Time (KST). Application submitted after the deadline will not be considered Application. Cover Letter, and CV must be sent in English. A consortium, or a firm may not be engaged for the individual consultant assignment.