OBJECTIVES OF THE ASSIGNMENT

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 Indonesia’s GCF Readiness project:

1. 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.
2. Strategies for transforming and attracting private sector investment for low emissions and resilience will be developed and used.

DELIVERABLES AND PAYMENT SCHEDULE

Workstream 1: Improve existing and nominated DAEs’ capacity and project pipeline.

1. 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.
2. Provide policy advisory and strategy recommendations to address the gap of governance and institutional capacity for nominated entities to accelerate their accreditation process.
3. Evaluate the accreditation process of all nominated Indonesian entities to strengthen Indonesia’s 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.
4. 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.

1. 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 Indonesia’s stakeholders. and the guideline proposed are adaptable for Indonesia’s stakeholders.
2. 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 Indonesia’s priorities. Provide strategic advice for the NDA to update its key policy document, i.e., the Indonesia’s 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, 2^nd NDC, etc.

The Consultant will report to the GGGI Indonesia Readiness Project Manager.

The consultant is responsible for delivering the following deliverables:

• 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

• 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 – 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

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:

1. Professional Competency (10 points): Advanced degree (preferably a PhD), in finance, economics, public administration, international development or relevant fields;
2. 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 – 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;
3. 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.
4. 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 GGGI’s discretion, reference checks and interviews may be conducted as part of the evaluation process.

Applicants must also include in their application package as follows:

1. A cover letter of no more than 3 pages that demonstrates how the candidate’s qualifications meet the work requirements;
2. A curriculum vitae which, at a minimum, describes education, latest experience and career achievements;
3. Names, current and accurate contract numbers (email and phone) of three professional references that have knowledge of the applicant’s 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 8^th 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.