PROJECT BACKGROUND

GGGI supports stakeholders through complementary and integrated workstreams – Green Growth Planning & Implementation and Knowledge Solutions – that deliver comprehensive products designed to assist in developing, financing, and mainstreaming green growth in national economic development plans. GGGI supports the Government of Indonesia (GoI) in three main areas: renewable energy, green cities and special economic zones, and forest and land-based mitigation and adaptation projects. The Program, known as the GoI-GGGI ‘Green Growth Program' (GGP), aims to demonstrate that green investments can become the norm both for investors and planners, ultimately improving the quality of economic development for more environmental sustainability and social inclusion. Through the Program, GGGI collaborates with the Ministry of Development Planning (BAPPENAS), the Coordinating Ministry of Economic Affairs, Ministry of Finance, Ministry of Energy and Mineral Resources, Ministry of Environment and Forestry, PT Sarana Multi Infrastruktur (“PT SMI”) and others.

In September 2022, the Fiscal Policy Agency (FPA), Ministry of Finance, started this 3-year Green Climate Fund (GCF) Readiness and Preparatory Support Program (“the Readiness Program”) to strengthen their role as the National Designated Authority (NDA) of Indonesia for the GCF. The Readiness program is funded by the GCF. The GCF is a financing mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) to provide financial support so that countries like Indonesia can reach their GHG emissions reduction targets. The Readiness program will help the NDA to enhance national actors’ institutional capacities to build a pipeline of climate change projects and to increase country ownership. The NDA has selected GGGI as the Readiness Delivery Partner to implement this Program on “Enhancing Indonesia's Access to International Climate Finance and Private Sector Investments for Climate Actions”.

Overall, the Readiness Program aims to mobilize international climate finance and private sector investment to close the financing gap across the priority sectors identified by the Government of Indonesia. It consists of a range of activities with the objective of achieving five readiness outcomes:

1. Direct access applicants and DAEs have established the capacity 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. Relevant country stakeholders have established adequate capacity, systems, and networks to support the planning, programming, and implementation of GCF-funded activities.
3. Indonesia has developed or enhanced strategic frameworks to address policy gaps, improve sectoral expertise, and create an enabling environment for GCF programming in low emission investment.
4. Strategies for transforming and attracting private sector investment for low emissions and resilience developed and being used; and
5. An increase in the number of quality project concept notes developed and submitted.

One of the primary objectives of the Readiness program phase III is transforming and attracting private sector investment to participate in financing climate actions. In efforts to achieve that objective, several activities in the program include identification of climate priority sectors as well as development of private sector engagement strategy, blended finance fora framework, and technology needs assessment (TNA) have developed. One of recommendations and strategy to attract private sector investment for low carbon emissions and resilience in Indonesia, is through blended finance approach. It can facilitate efficient capital combination and channel investments into climate-related projects. Additionally, the TNA has identified the most important technologies for the prioritized sectors, as well as identified and analyzed the barriers that hinder the successful deployment and diffusion of the technologies, including financial aspects. The findings from the report are aimed to support and strengthen the design and development of one new GCF programmatic concept note.

OBJECTIVES OF THE ASSIGNMENT

While most strategic documents are developed to support the development of GCF programmatic concept notes, there is still a need for further support in developing fiscal incentives and de-risking instruments. Fiscal incentives will be valuable in making investment more attractive to the private sector by lowering the barriers in entering and increasing the likelihood of private investment in green technology. Meanwhile, to reallocate, share, or lower the current or projected risks connected to investing in climate actions, de-risking instruments are necessary. Currently, in-depth study on fiscal incentives and de-risking instruments for sustainable investment in Indonesia is being developed by the selected Sustainable Finance Consulting Firm. The Government has already existing programs – such as, but not limited to, People Business Credit (KUR) and Village Fund – which could potentially be further utilized and combined with the proposed fiscal incentives and de-risking instruments for financing the recommended green technologies.

Therefore, this assignment will focus on technical and policy advisory support to ensure the current study’s alignment with policy goals to enhance financial mechanisms and risk management strategies, as well as provides strategic guidance to ensure long-term sustainability in implementing fiscal incentives and de-risking instruments. This assignment will work closely with the Sustainable Finance Consulting Firm mentioned above and will be led by the NDA Secretariat and GGGI Readiness Project Team.

Moreover, stakeholder consultation also needs to be appropriately conducted for the proposed fiscal incentives and de-risking instruments based on the study insights and findings, as well as ensuring the information gathered from the consultation is properly incorporated into the final report of the study. Stakeholder consultation also need to be conducted to the relevant departments in the Ministry of Finance, Republic of Indonesia, to ensure final confirmation for the possibility to expand the existing government programs and utilize them in the proposed fiscal incentives and de-risking instruments for financing green technologies.

DELIVERABLES AND PAYMENT SCHEDULE

GGGI requires the services of a qualified expert to act as the Climate Finance Senior Advisor for Fiscal Incentives and De-Risking Instruments (hereafter referred to as “the Consultant”) to the NDA of the GCF in Indonesia. The consultant shall work under the guidance of the NDA and GGGI team and attend regular coordination meetings with NDA and GGGI, with the scope of activities below:

1. Conduct an initial analysis for potential expansion of existing Government’s programs, which include but not limited to People Business Credit (KUR) and Village Fund, to be included in the recommendation for fiscal incentives and de-risking instruments for financing green technology as proposed by the Technology Needs Assessment (TNA). The analysis must include stakeholder mapping which will be used to identify the participants of the stakeholder consultations for the fiscal incentives and de-risking instruments study.
2. In close collaboration with the Sustainable Finance Consulting Firm, conduct stakeholder consultation for the development of potential fiscal incentives and de-risking instruments with relevant stakeholders based on the stakeholder mapping conducted, such as the national government, private sectors, researchers, academicians and NGOs/CSOs. The role of the Consultant should include, but not limited to, moderating and facilitating the consultations, taking notes on input and insights obtained from the discussion in the consultations, and developing discussion reports to summary the findings.
3. Conduct stakeholder consultation, preferably virtual arrangement, with relevant departments in the Ministry of Finance and Fiscal Services Authority, to ensure their agreement and confirmation for the potential expansion of the Government’s Program. The consultation may not only include People Business Credit (KUR) and Village Fund, but also the relevant policies from the new government.
4. Closely coordinate with the Sustainable Finance Consulting Firm to ensure all the input and findings from all stakeholder consultations are properly integrated into the final report of the study.
5. Provide technical review and advisory to the report on fiscal incentive and de-risking instruments study, at least 2 times (draft and final draft).
6. Attend meetings with the NDA, GGGI, and relevant stakeholders as necessary.

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

The consultant is responsible for delivering the following deliverables:

Notes:

• 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 Secretariat 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

He or she must have the following qualifications:

• Advanced degree (preferably a PhD), in public finance, finance, environmental economics, financial economic, public policy, international development or relevant fields;
• At least 15 years of professional experience in climate investment/finance or related initiatives is a must;
• Proven track record in development of fiscal policies, climate finance, sustainable finance, or de-risking instruments, as well as advising government bodies, international organizations, or other relevant institutions on fiscal incentives and climate-related financial structures.
• 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;
• 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, and strong analytical skills in assessing financial and policy implications
• 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

In order to be considered for the position, the candidate must meet the minimum qualification listed below. Consideration and selection will be based on a panel evaluation of the evaluation criteria factor below. Please note that only shortlisted/finalist applicants will be interviewed or contacted. GGGI does not pay for any expenses associated with the interviews unless expenses are pre-authorized. Reference check will be conducted on those candidates selected for an interview. The applicant’s references must be able to provide substantive information about his/her past performance and abilities.

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 public finance, finance, environmental economics, financial economics, public policy, 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; Proven track record in development of fiscal policies, climate finance, or de-risking instruments, as well as advising government bodies, international organizations, or other relevant institutions on fiscal incentives and climate-related financial structures; 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.
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; Strong analytical skills in assessing financial and policy implications.

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/vacancy/

All application submitted by GGGI website must be no later than 30^th  April2025 at 5:00 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.