Consultant to support nature positive interventions under the IDB CLIMA Pilot Program

Tags: climate change finance English Spanish Environment
  • Added Date: Monday, 15 July 2024
5 Steps to get a job in the United Nations

Post of duty: Washington, DC - USA

The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.

About this position:

CSD/CCS is looking for a professional with experience in biodiversity or climate impact reporting and MRV, as well as development effectiveness to support the deployment of the IDB Climate Linked Incentive Mechanism for Ambition (IDB CLIMA). As a consultant, you will focus on nature positive interventions and you will support the IDB CLIMA Pilot Program team lead, the Biodiversity Cluster and the rest of the climate change division in the operationalization of the Pilot Program, including the design of the first pilot projects, research activities, collaborating with relevant areas to design and implement an enhanced monitoring and evaluation framework. You will also work with other relevant stakeholders within the IDB Group and the IDB Constituency.

In 2023, the IDB became the first multilateral development bank to offer a financing tool that rewards countries for achieving nature and climate objectives. The Biodiversity and Climate-Linked Incentive Mechanism for Ambition (IDB CLIMA) is an innovative financial approach that rewards borrowers for achieving nature and climate objectives. The reward is provided in the form of a grant, in the amount of 5% of the IDB loan principal. Disbursement of the grant will take place once the achievement of an operationโ€™s three Key Performance Indicators (KPIs) has been independently verified. These KPIs will measure borrowersโ€™ progress in terms of the IDB CLIMA Pilot Programโ€™s three Specific Objectives: i) the achievement of climate and biodiversity goals through sectoral investment programs (KPI #1); ii) the improvement of the capacity to identify and design sectoral investments that mainstream climate and/or nature-positive interventions to achieve scale (KPI #2); and iii) the creation or improvement of climate and/or biodiversity monitoring, reporting and verification capabilities within the sector and/or governing bodies (KPI #3). The Green Transition Framework (GTF) โ€“ a framework for assessing the institutional capacities of borrowers with respect to climate and/or biodiversity โ€“ provides the vertical logic of the IDB CLIMA Pilot Program. Its purpose is to diagnose, guide, and offer tailored support in line with borrowersโ€™ capacities and needs, and coupled with an Assessment Questionnaire, will be key in designing IDB CLIMA operations and identifying their respective ambitious, relevant and impactful KPIs.

In 2024, Multilateral Development Banks (MDBs) agreed to undertake a stock-take of key performance indicators on nature and biodiversity. MDBs will undertake a joint stock take of existing biodiversity KPIs to understand which are used for what purposes. There exists a multitude of indicators proposed and used by the financial, academic, non-for-profit, conservation, climate, and public sectors on biodiversity; in addition, the Convention on Biological Diversity (CBD) is identifying indicators to track the Kunming Montreal Global Biodiversity Framework. Based on this initial stock take, MDBs will continue to identify areas of commonality among frameworks to share insights at COP 30, and explore the feasibility of alignment of some indicators, which would facilitate faster and easier development and interoperability of financings and financial products. You will also support these cross-MDB efforts, ensuring that IDB-CLIMA guidelines take advantage of this line of work.

You will work for the Climate Change Division (โ€œCSD/CCSโ€), which is part of the Climate Change and Sustainability Sector (โ€œCSDโ€). This team is responsible for advising IDB management and developing policies, strategies, operational guidelines, and programs on issues relevant to the sector, as well as related areas. In addition, CSD carries out relevant sector research, analytical work, sector practices and case studies on climate change and sustainability. As a division of CSD, CSD/CCS provides support: (i) in the mainstreaming of climate change and biodiversity in the actions and operations of the IDB group and (ii) in the mainstreaming of climate change and biodiversity in the regional countries of the IDB group through support to the ministries of environment, planning, and economy and finance of the region. Both axes share the objective of strengthening climate policy at the subnational, national, and regional levels.

What youโ€™ll do:

Recommended for you