CLIMATE FINANCE CONSULTANT Job at Global Green Growth Institute
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Location:
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Salary:negotiable / YEAR
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Job type:CONTRACTOR
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Posted:5 months ago
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Category:Budget and Accounting, Climate and Disaster Resilience, Environment and Natural Resources, Finance
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Deadline:25/06/2024
JOB DESCRIPTION
CLIMATE FINANCE CONSULTANT
INTRODUCTION TO GGGI
The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page.
POSITION SUMMARY
The Climate Finance Consultant will be engaged for approximately 9 months to support 1) national entities’ identification, assessment and nomination process, including its criteria and framework; 2) the development of the Country Programme Document, including the desk study and consultations; and 3) the formulation of the private sector mobilization strategy, including the desk review and consultations.
PROJECT BACKGROUND
The Ministry of Environment (MINAMB) in Angola, acting as the National Designated Authority (NDA) for Climate Finance, has secured grant funding from the Green Climate Fund (GCF) for a two-year Readiness project, partnering with the Global Green Growth Institute (GGGI). The overarching aim is to equip the Angolan NDA with the necessary institutional capacity, mechanisms, strategic framework, and enabling environments to enhance its coordination and engagement with the GCF.
Specifically, the grant aims to support the development of the criteria and framework for nominating two direct access entities to the GCF; support the strengthening of the NDA’s systems (including human, technical, and institutional capacity) in areas relevant to the GCF’s objectives; and establish a mechanism and system within the NDA to enable the NDA to fulfill its roles and responsibilities in order to improve their access to climate finance. Furthermore, it will help to improve coordination mechanisms and no-objection procedures based on multi-stakeholder consensus; develop Angola’s GCF country program; develop a strategy for private sector mobilization; and create a climate finance tagging system for tracking internal and external financial flows. In the final round, this Readiness grant will create or improve two idea notes for submission to GCF. These goals will be achieved through the following outputs:
- Output 1.1.1 NDA staff trained in areas relevant to the GCF objectives and oversight of GCF activities.
- Output 1.1.2 NDA mechanisms strengthened for interinstitutional coordination, including engagement with the GCF.
- Output 1.1.3 No-objection procedure established operationalized at the NDA level to grant the No-Objection Letters and a system for screening, selecting, reviewing and facilitating climate change projects established.
- Output 1.2.1 Two national (public and private) entities identified and nominated for direct access.
- Output 1.3.1 Stakeholder engagement mechanisms established to support planning, programming and implementation of GCF-funded activities.
- Output 2.1.1 Angola’s Country Programme developed and endorsed.
- Output 2.2.1 Climate finance tagging system developed and operational for tracking internal and external financial flows.
- Output 2.4.1 Strategy for private sector mobilization and engagement developed to foster private financing for Country Programme implementation and/or low-emissions climate-resilient development.
- Output 4.3.1 Pipeline developed or improved, and two priority ideas assessed.
- Output 4.3.2 Two concept notes developed or improved using the GCF template and adhere to the GCF’s climate investment criteria, aligned with Angola’s Country Programme Document.
- Output 5.1.1 NDA’s website developed containing information on climate finance to strengthen the knowledge of in-country key stakeholders.
Specifically, this assignment is linked to outputs 1.2.1; 2.1.1 and 2.4.1.
OBJECTIVES OF THE ASSIGNMENT
This assignment aims to assist the NDA in developing comprehensive criteria and frameworks for nominating national entities across various areas, including on-granting and lending, various Environmental and Social Safeguards (ESS) risk categories, diverse GCF financial scopes, and both adaptation and mitigation initiatives. In addition, the consultant will draft the GCF Country Programme Document for Angola, which will provide a roadmap outlining the country’s priorities in climate mitigation and adaptation, as well as ongoing and planned climate change projects, as well as a strategy to improve private sector mobilization and engagement in order to foster private financing and further develop innovative finance and business models. The specific objectives are to:
- Support national entities’ identification, assessment and nomination process, including its criteria and framework.
- Development of the Country Programme Document, including the desk study and consultations.
- Formulation of the private sector mobilization strategy, including the desk review and consultations.
DELIVERABLES AND PAYMENT SCHEDULE
|
Activities & Deliverables |
% of Amount |
Due Date |
|
|
A |
Activity 1.2.1.1: Develop criteria and framework for nominating national entities for a full range of coverage, i.e., for on-granting and on-lending, various ESS risk categories, various GCF financial scopes, adaptation and mitigation, etc. Deliverable: Report outlining the criteria and framework for nominating national entities. |
10% |
Within 30 working days from the start date. |
|
B |
Activity 1.2.1.2: Identify potential national public and private accredited entities, and assess the financial scopes, ESS risks categories, adaptation-mitigation balance & on-granting vs. on-lending priorities. Deliverable: Report outlining the assessment results and the list of potential national public and private accredited entities. |
10% |
Within 45 working days from the start date. |
|
C |
Activity 1.2.1.3: Nomination of two national (public and private) candidate entities. Deliverable: Two official nomination letters submitted to GCF. |
10% |
Within 60 working days from the start date. |
|
D |
Activity 2.1.1.1: Conduct desk study on available climate change data, current stakeholders and their respective mandates, legal instruments, and ongoing/planned climate change projects, as well as develop/update the country’s mitigation and adaptation priorities in accordance with the Fund’s Initial RMF and consistent with the strategic policy documents, e.g., country’s strategies and plans such as the National Climate Change Strategy and Action Plan (NCCSAP), INDC and other sectoral programs. Deliverable: Draft Angola’s Country Programme outlining climate change data assessment report and current stakeholders and their respective mandates, legal instruments, ongoing/planned climate change projects and country’s mitigation and adaptation priorities, which will be appended to Angola’s GCF Country Programme. |
20% |
Within 85 working days from the start date. Advertisement
|
|
E |
Activity 2.1.1.2: Conduct two stakeholder and validation workshops to discuss and validate the draft of Angola’s Country Programme Document. The workshop will invite around 40 key government, potential and accredited entities, development partners, civil society, and private sector stakeholders, targeting 50% women participation. Deliverables: Stakeholder and validation workshop reports, including the draft strategy, highlights of the discussion, feedback and key recommendations, and a list of participants disaggregated by gender. |
10% |
Within 90 working days from the start date. |
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F |
Activity 2.1.1.3: Finalize and publish Angola’s Country Programme Document and establish a process to update the Country Programme Document. The final document will incorporate inputs and feedback from the consultation and validation workshops. Deliverable: Angola’s Country Programme and a process to update the Country Programme Document endorsed by NDA and published on the NDA’s website. |
10% |
Within 105 working days from the start date. |
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G |
Activity 2.4.1.1: Conduct desk review and consultations with ~10 private sectors on a private sector landscape analysis, opportunities and challenges in fostering private financing and using innovative finance and business models. Deliverable: Report outlining the landscape analysis results, opportunities and challenges. |
10% |
Within 120 working days from the start date. |
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H |
Activity 2.4.1.2: Develop a strategy for private sector mobilization and engagement to enable climate investment and foster private financing for Country Programme implementation and/or low-emissions climate-resilient development. Deliverable: Report outlining the private sector mobilization and engagement strategy, which will be included in Angola’s GCF Country Programme. |
10% |
Within 125 working days from the start date. |
|
I |
Activity 2.4.1.3: Conduct 2 multi-stakeholder workshops to disseminate the strategy and increase awareness of private sectors to access resources under the GCF’s Private Sector Facility (PSF). The workshop will invite ~50 private sector stakeholders, and representatives from the key government, potential accredited entities, development partners, and civil society, targeting 50% women participation. Deliverable: Multi-stakeholder workshops report prepared, including the highlights of the discussion, feedback and key recommendations, and a list of participants disaggregated by gender. |
10% |
Within 140 working days from the start date. |
All deliverables, including the final reports, must be approved by GGGI with the agreement of MINAMB. The Consultant should strive to integrate GGGI’s and MINAMB’s comments within 14 days from the receipt of the comments or modification requests. The Consultant shall submit the reports in both hard copies and electronic versions readable by a Microsoft Office application. All outputs must be in English.
EXPERTISE REQUIRED
The description of required expert may be split into following parts:
- Advanced degree in finance, economics or related field.
- Fluency in written and spoken English and Portuguese is mandatory.
- Preferably 7 years of experience in climate finance and sustainable finance instruments, policies and strategies.
- A proven track-record of developing and implementing sustainable finance strategies and instruments/transactions.
- Strong financial skills and ability to structure a variety of financial instruments.
- Experience and familiarity with sustainable banking initiatives and standards.
- Demonstrated a network of contacts with national, regional and international providers of finance and impact investors.
- Prior experience working with the NDA in Angola and GCF is a strong asset.
ADMINISTRATIVE INFORMATION
The consultant will report to the Project Manager and the NDA GCF Focal Point in the Ministry of Environment. During the first week of assignment, the consultant will define the consultancy’s reporting arrangements, consulting with the NDA and the Project Manager. Date to close is Korean Standard Time (KST). Applications 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.
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