Climate Finance Specialist

Finance & Economy

Overview

Lead development of Climate Resilient Fund structure and funding activities

You have:

• Advanced University degree in climate, environment, natural resource management, or related fields.
• Minimum of 10 years experience in climate finance or green investment.
• Proficiency in English and Bahasa required for the position.
• Demonstrated experience in developing scalable projects for financing.
• Experience in researching and drafting technical proposals for climate funds.
• Solid working experience with the Indonesia Environment Fund (BPDLH).
• Exceptional analytical and writing skills needed.

Result of Service 1. The Climate Resilient Fund (CRF – RDPT/DINFRA) structure formed for land and forestry sectors and obtain endorsement from the Government of Indonesia (OJK (Financial Service Authority), MOEF and BPDLH/IEF) 2. The CRF soft launch in COP 28 3. Pledges of commitments from investors for CRF is obtained. 4. Analytical report on policy and legal framework for commercialize Indonesia’s ERs vintage (Ex-post) is issued. 5. A joint UNEP-GoI proposal for CRF/B Technical Assistance is developed and joint presentation made to Donors.

The following are the expected outputs and deliverables for the specialist: A. Structure of Financial Market for Climate Resilient Fund and/or Bonds is developed. 1. Finalization of project details and offtake agreements as per agreed 2023 AWP 2. Report on CRF proposal based on discussion with BPDLH, MOEF, Asset Management Firms (AM), OJK (Financial Service Authority) for CRF clearance and endorsement, which should include comments on proposed structure and comments on regulatory issues with structure from OJK. 3. Finalization of CRF (RDPT/DINFRA) Structure. The structure should be clearly shown both in land and forestry sectors. 4. Presentation and proposals for supervisory committee finalized.

B. Review Policy and Legal Framework 1. Report on policy and legal framework of bonds issuance, with possibility of CRF/B issuance outside of the state budget by SPV collaborates with BPDLH / BLU. 2. Alignment with other initiatives e.g. CRB. 3. Presentation and gather final comments and approval from the supervisory committee 4. Finalized CRF/B structure set and endorsed.

C. Institutional arrangements including stakeholders mapping, which clarifies roles, interests, influence and conflicts (ongoing and potential) 1. Report on institutional arrangements including stakeholders’ mapping and further steps for the financial structure. 2. Finalization of project details and offtake agreements 3. Agreement set between BPDLH/IEF and AM signed.

D. Urgent steps for Implementation the financial structure 1. Build teaser with AM 2. Final prospectus 3. Initial marketing of CRF to potential investors 4. Select investment committee members. 5. Investment committee formed. 6. Prepare filing and submission to OJK for CRF 7. Processing OJK’s approval for CRF 8. Teaser for investors 9. Initial verbal commitments from investors and donors 10. Co-lead with UNEP and BPDLH to finalize CRBF Technical Assistance and joint presentation for 2023-2025 to Donors.

E. Need analysis for commercialize Indonesia vintage ERs (Ex-post) 1. Analytical report on policy and legal framework; business model; gaps and intervention required and potential buyers.

Work Location Jakarta, Indonesia

Expected duration 9 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.

UNEP has seed initial work in blended finance through development of the Climate Resilient Fund (CRF) concept, intended to bridge the gap between the government, private sector, and communities, coordinating cross-functionally to bring about large-scale positive change. Based on the progress, the GoI requested UNEP’s further support to continue supporting the Indonesia Environmental Fund (BPDLH) in 2023 to finalize and operationalize this initial concept/design for CRF as a pay-for-performance blended finance 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. It provides opportunity to attract significant funding to complement GoI’s effort meeting its NDC in land use sectors.

The concept has been presented during COP 27 on November 2022 by GoI and attract stakeholders and Donors’ attention. It was 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. The scope of consultant’s work is to bring forward the concept into realization through a series of multi-stakeholders’ engagement for the realization of Climate Resilient Fund, with expectation that these financing instruments can be fully implemented by 4th quarter of 2023.

The consultant will be working 80 days for the outputs generated in year 2023. S/he is preferable at least having 10 (ten) years of working experiences in climate finance and green investment; energy and project management; trust fund management; public-private partnership; and development, while having in-depth knowledge and understanding of theories, concepts and approaches of climate financing and Indonesia’s regulation on economic value of carbon and practical experience in stock/commodities exchange markets. S/he has to have solid working experiences with the Indonesia Environment Fund (BPDLH) and Indonesia’s capital market network while also has experience developing scalable/bankable projects for investors’ financing.

The Consultant will report to the UN-REDD Senior Technical Adviser of UNEP in Indonesia and UNREDD Climate Finance Program Officer

The consultant will work in the following lines of action: •Provide in writing an investor prospectus of CRBF to BPDLH and UNEP and present it to potential investors, for lobby and obtain LoI. The works covering but not limited to: a. Jointly with UNEP and BPDLH to develop presentation, prospectus, and negotiation with investors for CRBF b. Co-lead consultation meetings and lobbies among the government stakeholders and private sectors. c. Engage with OJK/Indonesian Financial Authority to obtain approval for CRF d. Organize development partners’ consultation meeting and co-lead it with UNEP Adviser. •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 Education: - 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 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 required. - Experience in researching and drafting the technical content of proposals to climate funds or similar multilateral funds. - Proven track record on multi-sectoral and cross-institutional collaboration including with representatives of government and non-government partners. - 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. - Understanding of the political economy of Indonesia climate financing issues, and land-use and forestry. - Demonstrated experience developing scalable/bankable projects for financing - Demonstrated experience working with climate finance instruments

Skills : - Good analytical and problem-solving skills, - Fully proficient computer skills and use of relevant software and other applications - Exceptional analytical and writing skills. - Results-oriented, articulate analyst with attention to details,

Languages - 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.

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Added 3 years ago - Updated 1 year ago - Source: careers.un.org