Program Overview
Utilities, Cities, Corporations andIndustries around the world have issued
billions in green bonds to fundrenewables development. Green banks in North
America, Asia and Europe arebacking investments in distributed resources and
energy efficiency. Together,they can attract hundreds of billions in
institutional and financial marketmoney to fund investments in large-scale
renewables and public sectorinvestments in local distributed generation. They
can also work together to supportutility transitions away from high-cost legacy
generation to lower-cost"green" generation.
Indonesia, with its ambitiousstrategy to transition to 23% renewable energy in
the energy mix by 2025require massive capital by its utility, cities and
companies. In addition,progressive municipal/city leaders and corporate RE
targets have also lookedinto the opportunity to tap into green bond pool of
fund. Unfortunately, thusfar, only one state owned enterprise in Indonesia
managed to raise and tappedalmost 3 Trillion IDR of green bond internationally.
WRI Indonesia is currentlyworking on enabling private sectors, utilities and
cities across Indonesia todevelop fit for purpose green bond framework to tap
international green bondmarket.
As our Green Bond advisor, you willbe providing expertise, technical advisory
and guide a growing energy &climate team in aligning the narrative of financial
decision-making of ourstakeholders (utility, corporations, cities) with 1.5 Deg
climate temperaturegoals. As this concept cements itself as an enduring feature
of the financiallandscape, financial institutions will increasingly be expected
to acceleratethe decarbonization of their portfolios through rapidly scaling up
greeninvestment while also supporting the transition of carbon-intensive
industries,clients, and assets.
The Green Bond Advisor will focus onguiding analysts and senior analysts on a
wide range of activities, includingresearch, analysis, and writing in
developing green bond framework/strategy forthe main stakeholders. This will
include (for example): the green bondvaluation strategy, cost and benefit,
assessment readiness and portfoliostructuring. The Green Bond advisor will also
advise on the stakeholderengagement and management; supporting strategy
development; and planning andfacilitation of workshops and events. The Green
Bond advisor will also workclosely with WRI Indonesia Climate and Finance team
and Global Economics &Finance team based in Washington, DC.
The successful candidate for thisposition will have excellent financial
analytics capabilities and attention todetail, can do attitude and strong
interpersonal skills, as well as ability towork independently yet maintain a
good communication among the team.
Job Responsibilities
· Leadand advise in the development of all analytical products on green
financialinstruments and products for the main stakeholders
· Attimes, required to work at stakeholders’ sites in guiding the
development ofthe analytical products
· Designingappropriate financial instrument on the subject of renewable
energyinfrastructure, LULUCF carbon reduction strategy and others
· Supportingstakeholder outreach and engagement at a range of
institutions (includingfinancial institutions, companies, and non-governmental
organizations)
· Endto end facilitation to advise stakeholders on their bond issuance
includingfacilitating stakeholder’s discussion in rating/valuation agency and
prospectusroadshow
· Contributingideas to further our initiative's thought leadership in
this area as well asour strategy as we grow the initiative
Deliverables
1. Scoping of bond issuance potential for energyand carbon market for
selected stakeholders
2. Technical assistance and facilitation ondesigning and developing 2 (two)
green bond/municipal bond framework for keystakeholders
3. Technical assistance and facilitation on theissuance of 1 (one) green
bond/municipal bond at international market
4. Capacity building for green bond issuance
5. Stakeholder assessment and marketpreparedness analyses
6. Cost and benefit assessment
7. Access provision to green bond/carbon marketstakeholders
Job Qualifications
· Master and/or Doctoral Degree in EnergyFinance, Climate Finance,
Resource Management, Economics, Energy/ClimateEconomics, Finance is preferred
· Atleast 10-15 years’ full-time professional or academic experience in
relatedfield
· Experienceworking in the financial sector or involved in a research on
the financialsector
· Deepunderstanding of global bond market and carbon market and their
interrelationto developing country like Indonesia
· Experience with and/or knowledge of thefinancial system and
sustainable finance.
· Experience with and/or knowledge keytargeted sectors, including power
sector, transportation, manufacturing,textile, steel, garment, cement, and/or
aviation
· Experience planning or facilitatingevents and workshops, and strong
external engagement skills
· Excellent writing and verbalcommunication skills
· Strong background in research
· Ability to work both independently and asa highly collaborative team
player
· Willingness to dive into new areas ofwork and to learn new subject
matter
· Problem solver who is willing to developand share ideas internally and
externally
Period of Work
1 (one) year of initial contract withpossibility of extension upon successful
performance evaluation, budgetavailability, and project needs.
Terms of Payment
Daily rate consultant with maximum 8 (eight) workingdays per month
Musthave authorization to work in Indonesia to be eligible for this position.
Final candidates might be required totake a writing test and to produce two
writing samples when needed.
Consultant rate: Consultant rate is commensuratewith experience and skills.
Qualified applicants should apply online through WRI career portal
https://jobs.jobvite.com/wri/job/oOErcfwP inorder to be formally considered.
Application close: 1700 (Jakarta Time), 23March 2020. Wewill close the advert
earlier when the best candidates are identified atearlier dates.
Thisis a locally engaged position; Indonesian nationals are encouraged to apply.
WRIOverview
WorldResources Institute (WRI) is an independent, nonprofit global
researchorganization that turns big ideas into action at the nexus of
environment,economic opportunity and human well-being. We are working to
address sevencritical challenges that the world must overcome this decade in
order to securea sustainable future for people and the planet: climate change,
energy, food,forests, water, sustainable cities, and the ocean. We
arepassionate. We value our diversity of interests, skills and backgrounds.
Wehave a flexible work environment. And we share a common goal to catalyze
changethat will improve the lives of people. Our shared ideals are at the core
of ourapproach. They include: integrity, innovation, urgency, independence
andrespect. The foundation of our work is delivering high-quality research,
data,maps and analysis to solve the world’s greatest environment and
internationaldevelopment challenges, and improve people’s lives. We work with
leaders ingovernment, business and civil society to drive ambitious action and
createchange on the ground. Equally important, we bring together partners to
developbreakthrough ideas and scale-up solutions for far-reaching, enduring
impact.
We have been growing rapidly: our staff has doubledin size over the past 5
years and our operating budget is now $100 million.Founded in 1982, WRI has a
global staff of 800+ people with work spanning 60countries. We have offices in
Africa, Brazil, China, Europe, India, Indonesia, Mexico and the United States
as well as a growingpresence in other countries and regions.
WRI is committed to advancing gender and socialequity for human well-being in
our mission and applies this principle to ourorganizational and programmatic
practices.
WRI Indonesia is national entity (Yayasan) associated with theWorld Resources
Institute (WRI), a global environmental research organizationthat turns big
ideas into action at the nexus of environment, economicopportunity, and human
well-being. WRI work with various stakeholders in thenatural resources sector
to support policy and management that are bothprofitable and sustainable. WRI
work with leaders in more than 50 countries formore than 30 years, with offices
in Brazil, China, Europe, India, Indonesia,Mexico, and the United States.
Launched in early 2014, WRI Indonesia builds on WRI’s10-year history in the
country and strengthens our impact on the ground. In theshort-to-medium term,
WRI Indonesia aims to expand its presence and portfolioto include projects in
the climate, energy, as well as city and transportationprograms.
The WorldResources Institute (http://www.wri.org) is anenvironmental and
development research and policy organization that createssolutions to protect
the Earth and improve people’s lives. As an Equal OpportunityEmployer, it is
WRI’s policy to recruit, hire, and provide opportunities foradvancement in all
job classifications without regard to race, color, religion,sex, national
origin, age, citizenship, marital status, sexual orientation,gender identity,
parental status, protected veteran status, or disability.WRI’s global agenda
requires a staff that is diverse – with respect to race,gender, cultural, and
international background. Diverse perspectives andexperience enhance the way
WRI selects and approaches issues, as well as thecreativity and applicability
of WRI's policy research and analysis. WRI,therefore, encourages applications
from U.S. minorities, persons from othercountries (especially developing
nations), and from women of all backgrounds.
