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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.
Based in Seoul, Republic of Korea, the Global Green Growth Institute (GGGI) is an international intergovernmental organization founded to support and promote a model of economic growth known as “green growth”, which targets key aspects of economic performance such a poverty reduction, job creation, social inclusion, and environmental sustainability. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies and projects that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and private sector to help build economies that grow strongly and are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change.
The Paris Agreement provides a comprehensive framework for signatory Parties to reach an ambitious commitment to limit the increase in global average temperature to well below 2°C, and to pursue efforts to limit the increase to 1.5°C in a cooperative manner. This framework covers a number of instruments including cooperative approaches under Article 6 which allows signatory countries (and private sector entities authorized by these countries) to engage in international carbon transactions.
The Carbon Pricing Unit (CPU) of GGGI is a global leader in Article 6 international carbon trading technical assistance, implementing several programs since 2019 related to preparing and supporting countries in trading, opening up international carbon markets. The resultant flow of transactions is envisaged to build a robust and reliable global price for carbon, something many areas of the private sector have long called for as a way to motivate the transformational change needed to achieve the ambitious goals of Paris.
The Carbon Transaction Facility (CTF) is expected to be launched in October 2024 and will be the main delivery vehicle for GGGI’s Article 6 support to its’ member and partner countries. It will be a collection of single and multi-donor funds aimed at further developing and scaling up Article 6-based carbon markets. The CTF will not only support the readiness of countries to participate in Article 6 cooperative approaches through a learning by doing approach, but also enable transactions of Article 6 compliant mitigation outcomes, also known as ITMOs. GGGI will act as trust fund manager for all trust funds within the CTF. CTF participants are sovereign parties looking to support potential seller countries in readiness. Several fund participants also seek to purchase ITMOs for meeting their own NDC or for higher ambition purposes such as carbon neutrality targets.
The GGGI Carbon Pricing team currently consists of 17 staff members, with a further 15 staff working through the matrix management structure on carbon. It is a global team with a vision to open up Article 6-aligned carbon markets to provide countries access to funding needed to implement their green growth paths and economic efficiencies that markets enable, helping the in the efforts to meet the global climate goals. We believe in excellence in our delivery and aligning to the highest levels of environmental integrity; our track record has enabled us to become a global leader in this space. We are a diverse and participatory team that believes in a culture of growth. Our goal is to drive delivery of first to market transactions and to scale these by supporting our growing number of members and partner countries to access international Article 6-aligned carbon markets.
The Senior Reporting Associate will coordinate execution of the reporting and monitoring of all activities under the CTF, including collecting and verifying information in monthly reports for in-country and global projects; developing quarterly execution summaries for CTF activities and developing the CTF Annual Reports (Readiness Facility, Carbon Trust Funds, overall CTF report); organizing information for external reporting on country-led carbon earmarked projects when appropriate; organizing information and assessing performance for internal evaluation purposes to improve future project execution pursuant to the CTF Results Framework.
The Senior Reporting Associate is responsible for reporting and monitoring activities under the Readiness Facility and Carbon Trust Funds of the CTF, ensuring alignment of CTF reporting with GGGI internal and any relevant external donor reporting procedures and guidelines in coordination with the Strategy Team, other Carbon Pricing Unit team members, country and/or regional office Carbon Focal Points and country and/or regional office reporting and/or monitoring, evaluation, and learning (MEL) staff. This includes ensuring data quality for CTF, GGGI and any required external donor reporting as part of the implementation of the monitoring and evaluation plans of the CTF, as well as proposing improvements to data collection and reporting methods when appropriate. S/he will also support coordination of any external evaluation of CTF Readiness and Carbon Trust Fund activities under the guidance of Carbon Pricing Unit management staff to promote the incorporation of evaluations into CTF activities.
The Senior Reporting Associate will report directly to the Carbon Pricing Unit Senior Portfolio Officer. S/he will liaise regularly with other Seoul headquarters-based Carbon Pricing Unit staff, country teams and regional office staff to collect and/or process data for CTF reporting. S/he will collaborate in meetings with CTF staff with other internal and external clients such as GGGI Member states and partner governments and institutional partners to acquire information for monitoring and evaluation purposes. S/he will liaise with other units of GGGI including Strategy, Partnerships and other relevant GGGI staff to ensure reporting requirements are being met as per the GGGI Project Management Cycle guidance, the CTF Readiness Rules, Carbon Trust Fund Agreements and other relevant documents.