Carbon Finance Officer, Inter-American Development Bank

 AFOLU – TERMS OF REFERENCE
 
TECHNICAL CONSULTANCY FOR AN EXPERT ON CARBON FINANCE FOR THE INTERAMERICAN DEVELOPMENT BANK (IDB) SUSTAINABLE ENERGY AND CLIMATE CHANGE INITIATIVE (SECCI) TRUST FUND APPOINTEE PROGRAM
 
I. BACKGROUND
The Sustainable Energy and Climate Change Unit of IDB supports IDB efforts in promoting sustainable energy and activities addressing climate change in the Latin American region. The Unit provides both technical cooperation support as well as financial support through various activities: design of financing of climate change adaptation and mitigation projects, including enhancement of use of carbon markets, guarantees, debt and equity products; analytical advisory support services; project preparation support; risk management instruments; mainstreaming climate change across its portfolio, and capacity building.
 
Emissions from land-use change constitute over 46% of the overall GHG emissions of the Latin America and Caribbean (LAC) region, this makes emissions mitigation in the Agriculture, Forestry, and Other Land Use (AFOLU) sector a priority in the region. One of the main aims of the Unit is to support LAC countries in developing and implementing national climate change mitigation policies, planning and initiatives. It is internationally recognized that national efforts of countries to mitigate climate change will have to be significantly scaled up and that for this investment and financial flows plans and the capacity of developing countries will need to be enhanced to shift development paths to a lower GHG emissions and climate resilient economy to achieve sustainable development.
Carbon finance is already playing an important role in stimulating shifts in investment and finance in key economic sectors towards climate friendly activities. International negotiations on climate change and a number of recent initiatives have been promoting financing mechanisms for the reduction of deforestation and land degradation (REDD) and other mitigation options in the AFOLU sector such as sustainable forestry and agriculture management (REDD+). Latin America has a large potential for mitigation particularly in the AFOLU sector. Although the region has been very active in the carbon markets, its participation in it is relatively small compared to regions such as Asia.
In order to effectively participate and benefit from opportunities from this changing, new and complex process, public and private sector in developing countries will require increased capacity development and support. The IDB is committed in supporting mitigation actions and the expansion of carbon markets for AFOLU in the Latin America and Caribbean region and in its operations and is planning to enhance its carbon finance team in INE/ECC for this purpose.
 
II. OBJECTIVE
INE/ECC is expanding its programme of technical support in carbon finance and climate change mitigation to private and public clients of the bank, in particular to promote access to carbon finance to support AFOLU activities. A Carbon Finance Officer with particular expertise on forestry is required to manage many activities related to this enhanced support. In addition to technical skills, it will be critical that the officer has good understanding of mitigation policy related issues and project management tools, including capacity in assisting in design and approval of technical cooperation with countries.
 
III. FUNCTIONS, ACTIVITIES AND PRODUCTS
In keeping with the principles and the objectives set for the Program, the staff will support the INE/ECC Climate Change Specialist in the following actions, but will not be limited to:
  • Take actions and designing initiatives that will contribute to the mainstreaming of carbon finance for AFOLU activities within national/sectoral policy and planning processes, integrating lessons learned from the best and most recent, experiences in the field;
  • Collaborate in the formulation of the IDB strategy on carbon finance for AFOLU jointly with INE/ECC staff;
  • Contribute to the identification and preparation of projects that mitigate GHG from AFOLU for Bank financing;
  • Design, manage, execute and supervise technical co-operations related to carbon credits for AFOLU with resources from the SECCI Multi-donor Fund as well as other types of funds from the Bank.
  • Strengthen linkages between the Bank’s related work and the initiatives of other MDBs aimed to develop a global carbon finance investment framework for AFOLU (such as for REDD and REDD+ activities) to assist LAC countries in preparing for their future participation in the international carbon markets.
  • Take action to identify and develop near-term opportunities to incorporate carbon finance for AFOLU in the Bank’s projects and activities.
  • Support the preparation of individual Project Idea Notes (PINs), batches of PINs, Project Design Documents and monitoring protocols to take carbon finance components into account in the Bank’s existing and proposed projects.
IV. CONSULTANCY CHARACTERISTICS AND QUALIFICATIONS:
  • Starting date and duration: The TFA will be contracted for a period of one (1) year, from March 2011 until February 2011. Depending on performance, needs and available budget, the contract could be renewed.
  • Place of work: Washington,
  • Qualifications: The person must have:
    • University and Post graduate degrees in economics, engineering, environmental or physical sciences or a related discipline.
    • At least five years relevant working experience with mitigation of climate change in AFOLU sector, of which one year should have been in an international environment.
    • Excellent knowledge and relevant work experience in project development and management.
    • Excellent knowledge and work experience with inventories of GHG emissions and with carbon finance (including CDM and voluntary mechanisms) for AFOLU in the region.
    • Excellent knowledge and work experience on climate change negotiations and financial mechanisms and instruments developed under the Climate Change Convention for AFOLU.
    • Excellent drafting ability and communication skills, both written and oral; proven ability to communicate complex concepts and prepare reports that are clear, concise and meaningful.
    • Ability to apply theory to the specific policy context to identify creative, practical approaches to overcome challenging situations.
    • Good written communication skills, with analytic capacity and ability to synthesize project outputs and relevant findings for the preparation of quality project reports. .
    • Good team player, self starter, has ability to work under minimum supervision and maintain good relationships.
    • Fluency in English and Spanish. Working knowledge of other IADB languages highly desirable.
  • Schedule of Payment: The consultant will be paid on a bi-weekly basis. Payment will be based on amount of months worked.
V. SUPERVISION:
Overall responsibility for the supervision of the consultant’s work and the approval of payments would be taken by Maria Netto, Climate Change Specialist (mnetto@iadb.org – Ext. 2009) from the Sustainable Energy and Climate Change Unit (ECC) of the Infrastructure and Environment Department (INE) of IDB.
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