CLIMATE FINANCE SR. ADVISOR ON POLICY & STRATEGY FOR GCF ACCREDITATION
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.
PROJECT BACKGROUND
GGGI supports stakeholders through complementary and integrated workstreams โ Green Growth Planning & Implementation and Knowledge Solutions โ that deliver comprehensive products designed to assist in developing, financing, and mainstreaming green growth in national economic development plans. GGGI supports the Government of Indonesia (GoI) in three main areas: renewable energy, green cities and special economic zones, and forest and land-based mitigation and adaptation projects. The Program, known as the GoI-GGGI โGreen Growth Program' (GGP), aims to demonstrate that green investments can become the norm both for investors and planners, ultimately improving the quality of economic development for more environmental sustainability and social inclusion. Through the Program, GGGI collaborates with the Ministry of Development Planning (BAPPENAS), the Coordinating Ministry of Economic Affairs, Ministry of Finance, Ministry of Energy and Mineral Resources, Ministry of Environment and Forestry, PT Sarana Multi Infrastruktur (โPT SMIโ) and others.
In September 2022, the Fiscal Policy Agency (FPA), Ministry of Finance, started this 3-year Green Climate Fund (GCF) Readiness and Preparatory Support Program (โthe Readiness Programโ) to strengthen their role as the National Designated Authority (NDA) of Indonesia for the GCF. The Readiness program is funded by the GCF. The GCF is a financing mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) to provide financial support so that countries like Indonesia can reach their GHG emissions reduction targets. The Readiness program will help the NDA to enhance national actorsโ institutional capacities to build a pipeline of climate change projects and to increase country ownership. The NDA has selected GGGI as the Readiness Delivery Partner to implement this Program on โEnhancing Indonesia's Access to International Climate Finance and Private Sector Investments for Climate Actionsโ.
Overall, the Readiness Program aims to mobilize international climate finance and private sector investment to close the financing gap across the priority sectors identified by the Government of Indonesia. It consists of a range of activities with the objective of achieving five readiness outcomes:
- Direct access applicants and 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.
- Relevant country stakeholders have established adequate capacity, systems, and networks to support the planning, programming, and implementation of GCF-funded activities.
- Indonesia has developed or enhanced strategic frameworks to address policy gaps, improve sectoral expertise, and create an enabling environment for GCF programming in low emission investment.
- Strategies for transforming and attracting private sector investment for low emissions and resilience developed and being used; and
- An increase in the number of quality project concept notes developed and submitted.
OBJECTIVES OF THE ASSIGNMENT
The GCF works through its accredited entities to channel their funding to developing countries. National Direct Access Entities (DAE) are one of the GCFโs 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. Currently, priority is given to financial institutions, particularly banking sectors, to encourage financing of small, medium, and large projects in various sectors, and enable more innovative and flexible financing instruments. Indonesia currently has one financial institution that has already been accredited as DAE, namely PT Sarana Multi Infrastruktur (PT SMI), and several financial institutions that are in the pipeline for potential DAEs, namely Bank CIMB Niaga, PT Indonesia Infrastructure Finance (PT IIF), and Bank Mandiri. These entities have different degrees of progress towards GCF accreditation. Therefore, strategic insight for potential DAEs is still necessary to enhance their capacity and accelerate the accreditation process.
In addition to supporting DAEs in maintaining their accreditation process, some strategies to attract private sector investment for low emissions and resilience are also developed. Based on the Readiness Needs Assessment (RNA) results (MoF, 2021), private companies in Indonesia are increasingly involved in climate related projects. They are becoming more aware of opportunities from climate actions. However, collaboration between the government and the private sector to identify, appraise, and finance low carbon and climate resilient investment opportunities, is still limited. Their investment in climate projects faces common issues centered around the risk level and familiarity with the green sectors. Therefore, the strategic guideline for climate priority sectors is needed as a guidance for all relevant stakeholders, attracting both public and private finance into climate actions. It covers the overview of climate finance landscape and flows, type of climate finance instruments, sources of climate finance that are available for Indonesia, as well as provides the details of project development process for each targeted sector. To complement the development of strategic guidelines, it is also essential to gather the latest status of national priorities and climate change related policies, as well as document the financing needs to achieve NDC. This can be outlined through the Country Program Document (CPD). It can help the stakeholder, including the private sector, stay informed about the current policies and regulations and how the GCF can contribute to achieving the targets.
Considering the current condition, then the Climate Finance Sr. Advisor will work closely with the GGGI Readiness Team and the NDA, to support two high-level outcomes of Indonesiaโs GCF Readiness project:
- Direct access applicants and accredited entities (DAEs) have established the capacity and committed 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.
- Strategies for transforming and attracting private sector investment for low emissions and resilience will be developed and used.
DELIVERABLES AND PAYMENT SCHEDULE
GGGI requires the services of a qualified expert to act as the Climate Finance Sr. Advisor (hereafter referred to as โthe Consultantโ) 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 three focused workstreams:
Workstream 1: Improve existing and nominated DAEsโ capacity and project pipeline.
- In collaboration with the Readiness project team, lead the provision of technical support and advisory to nominated entities (i.e., Bank CIMB Niaga, PT IIF) and entities potentially seeking nomination (e.g., Bank Mandiri) to build individual and organizational capacity, especially in exploring climate-related projects to be potentially developed by the DAE, as well as project development and management.
- Provide policy advisory and strategy recommendations to address the gap of governance and institutional capacity for nominated entities to accelerate their accreditation process.
- Evaluate the accreditation process of all nominated Indonesian entities to strengthen Indonesiaโs future bids. The evaluation should at least include the challenges, lessons learned, and policy recommendations. The evaluation result will need to be shared and confirmed with the NDA.
- In collaboration with other consultant(s) employed by GGGI, coordinated by the Readiness project team to ensure there are no overlaps and/or duplication of effort, provide recommendations to strengthen the capacity building/training workshop activities for DAE and nominated DAEs. This may include TOR review, discussion with other Consultants, and consultation meetings with DAE and nominated DAEs.
Workstream 2: Increase private sector investments in climate action and improve climate finance coordination.
- In collaboration with the Sectoral Guidelines for Climate Finance Development Consulting Firm, provide strategic advice on the development of sectoral guidelines for selected priority sub-sectors to ensure the alignment with the national climate-related regulations and sectoral policies, while ensuring that the proposed guidelines are adaptable for Indonesiaโs stakeholders. and the guideline proposed are adaptable for Indonesiaโs stakeholders.
- In collaboration with the Technical Knowledge Products for Multi-Stakeholder Consulting Firm, provide strategic advice on the development of technical knowledge products for multi-stakeholders to strengthen the overall capacity of national stakeholders in accessing international climate finance sources.
Workstream 3: Strengthen the alignment of NDA GCF Indonesia strategies with current Government of Indonesiaโs priorities. Provide strategic advice for the NDA to update its key policy document, i.e., the Indonesiaโs GCF Country Programme Document (CPD), to better align with the current government strategic priorities and policies such as the National Mid-Term Development Plan (RPJMN) 2025-2029, 2nd NDC, etc.
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 inter alia, introduction, a detailed work plan, proposed methodology, and timeline.
2 weeks after contract being signed
10%
(USD 2,025)
2
Deliverable 2
Submission of:
- Summary report containing:
- Analysis of CIMB Niaga, PT IIF, and Bank Mandiri position (capacity, portfolio, project appetite, etc.) to develop a GCF project pipeline (Ref 1.1)
- Gap analysis on the current capacity and status of nominated CIMB Niaga, PT IIF, and Bank Mandiri against GCF requirements. (Ref 1.2)
- An assessment report capturing the needs of existing DAEs, as well as recommendations and other form of support provided to strengthen the capacity building/training workshop activities (Ref 1.4.)
8 weeks after contract being signed
30%
(USD 6,075)
3
Deliverable 3
Submission of:
- Summary report containing:
- Technical support to respond to the analysis results in Deliverable 2 provided to the nominated entities related to project development and management, with recommendations for climate-related project to be potentially developed by the DAE. (Ref 1.1.)
- Policy advisory and strategy recommendations to respond to the analysis results in Deliverable 2 provided to CIMB Niaga, PT IIF, and Bank Mandiri to accelerate their GCF accreditation process. (Ref 1.2)
Gap analysis on the current GCF Country Programme Document against latest changes in government policy, law, and priorities as well as recommendations to fill the gap. (Ref 3)
16 weeks after contract being signed
30%
(USD 6,075)
4
Deliverable 4
Submission of final report containing:
- Brief document consisting of policy advisory and strategic recommendations in accelerating access to climate finance as outlined in workstream 2.
- An accreditation evaluation as outlined in workstream 1.3 shared and confirmed with the NDA.
20 weeks after contract being signed
30%
(USD 6,075)
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 NDA and 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:
- Masters degree (PhD is an advantage), 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 โ OJK) and relevant other government institutions such as Indonesia Environment Fund, PT SMI, is desirable;
- Existing network in financial institutions/banking sectors, 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 applicantโs 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:
- Professional Competency (10 points): Advanced degree (preferably a PhD), in finance, economics, public administration, international development or relevant fields;
- 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 โ 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;
- 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.
- 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 GGGIโs discretion, reference checks and interviews may be conducted as part of the evaluation process.
Applicants must also include in their application package as follows:
- A cover letter of no more than 3 pages that demonstrates how the candidateโs qualifications meet the work requirements;
- A curriculum vitae which, at a minimum, describes education, latest experience and career achievements;
- Names, current and accurate contract numbers (email and phone) of three professional references that have knowledge of the applicantโs 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/
All application submitted by GGGI website must be no later than 8th April 2025 at 11:59 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. Child protection โ GGGI is committed to child protection, irrespective of whether any specific area of work involves direct contact with children. GGGIโs Child Protection Policy is written in accordance with the Convention on the Rights of the Child.