Climate Finance Specialist

Result of Service Readiness for the issuance of the Climate Recovery Bond (CRB)

Work Location Indonesia

Expected duration The contract is an output-based contract for a period of six months.

Duties and Responsibilities UNEP is the voice for the environment within the United Nations system. UNEP’s mission is to provide leadership and encourage partnerships in caring for the environment by inspiring, informing, and enabling nations and peoples to improve their quality of life without compromising that of future generations. In Indonesia, UNEP in partnerships with ICRAF (the recipient in this Agreement), BNP Paribas and ADM Capital has established the Tropical Landscapes Finance Facility (TLFF) since 2016. As a Government of Indonesia supported initiative, TLFF provides long-term funding at scale, largely for rural smallholder livelihood and renewable energy projects for marginalized communities. The TLFF is intended to bridge the gap between the government, private sector and communities, coordinating cross-functionally to bring about large-scale positive change.

TLFF and Indonesia Environmental Fund (BPDLH) are currently exploring the Climate and Recovery Bond (CRB) concept for climate finance mobilization instrument. CRB is a pay-for-performance bond structure to help ensure predictable funding and efficient operations for Indonesia’s restoration and conservation programs. It is a unique opportunity, whereby promotes a public-private program to finance landscape conservation where there is no source of revenue for bond repayment. The bonds provide an opportunity to attract significant funding to complement GoI’s effort meeting its NDC in land use sectors. The CRB should be designed as a quick impact capitalization while ensuring accountability and assurance for the investors and donors. It targets concessions with potential HCV/HCS through restoration and conservation programs contributing to REDD. In this case, UNEP’s technical assistance will seed initial work to attract more resources to assist the GOI in meeting the level of readiness for the issuance of the CRB.

The Consultant will report to the Senior Technical Adviser of UNEP in Indonesia.

Purpose and Scope of Assignment

To accelerate the development of CRB for climate finance mobilization instrument, it is important that UNEP/TLFF is supported by experienced and knowledgeable specialist. The main objective of this consultancy is to develop a feasibility study and market assessment of the selected pipelines to sharpen the CRB’s business structure and model; and full proposal for donor’s support for its full implementation by second quarter of 2023.

The consultant will work in the following lines of action:

• Provide in writing a 10 page note to BPDLH and TLFF to identify workable financial structure for the issuance of the CRB. The Specialist will lead the communication with external Climate Finance experts including the UNEP Climate Finance Unit (UNEP CFU), BPDLH investment manager, MOF, and other financial institution partners. The works covering but not limited to: a. Jointly with UNEP and BPDLH to develop workplan and strategy for CRB b. consultation meeting and joint FGDs among stakeholders: UNEP/TLFF, BPDLH, MOEF, MOF and other partners on financial structure options and development of CRB proposal c. Co-lead CRB concept development, assess policy readiness, illustrate financial structure and mechanism, present to key partners, and organize communications. d. Design and organize development partners’ consultation meeting. e. Develop Public-private partnership design for each SPVs and investment opportunity profiling with respected stakeholders f. Work closely with key partners to develop parameters for project selection.

• Site Visit – The assignment may require field travels to potential project’s locations to support the assessment and conduct field consultation with local stakeholders, as necessary.

  Qualifications/special skills Academic Qualifications:

• An advanced University degree, preferably in climate, environment and natural resource management, energy policy, international development, economics, or a related field; or the equivalent combination of education and work experience is required.

Experience: - A minimum of 10 (ten) years of experience preferably in a combination of related fields such as climate finance and green investment; climate and green growth; energy and project management; trust fund management; public-private partnership; and development is required. - Knowledge and understanding of theories, concepts and approaches relevant to Climate Change, REDD+, carbon pricing and market, and Indonesia’s regulation on economic value of carbon and practical experience in environmental management, climate change adaptation or other related fields is required. - Understanding of the political economy of Indonesia climate financing issues, and land-use and forestry is required. - Demonstrated experience developing scalable/bankable projects for financing from various climate funds such as the GCF, GEF, AF and regional funds required. - Demonstrated experience working with climate finance instruments required. - Experience in researching and drafting the technical content of proposals to climate funds or similar multilateral funds required. - Proven track record on multi-sectoral and cross-institutional collaboration including with representatives of government and non-government partners required.

Skills: - Good analytical and problem-solving skills required. - Fully proficient computer skills and use of relevant software and other applications required - Exceptional analytical and writing skills required. - Results-oriented, articulate analyst with attention to details required. - Strong interpersonal, cross-cultural and team player skills, with a capacity to work effectively on an independent basis, required. - Excellent communication and a persuasive communicator skills required.

Language: - English and French are the working languages of the United Nations Secretariat. For this consulting position, fluency in oral and written English and Bahasa is required.

No Fee THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.