World Bank
E T Consultant - FIG Sustainable Finance (Methane and Circularity)
World Bank, Washington, District of Columbia, us, 20022
E T Consultant - FIG Sustainable Finance (Methane and Circularity)
Job #: req31025
Organization: IFC
Sector: Climate Change
Grade: EC4
Term Duration: 1 year 0 months
Recruitment Type: Local Recruitment
Location: Washington, DC, United States
Required Language(s): English
Preferred Language(s):
Closing Date: 1/13/2025 (MM/DD/YYYY) at 11:59pm UTC
Description
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.
The Financial Institutions Group (FIG) is one of the major industry groups at IFC, responsible for managing roughly 40% of IFC’s overall business in terms of volume and capital at risk. FIG engages in a wide range of sub-sectors including Climate, Microfinance, SME, Gender, Capital Markets, Housing, Distressed Assets, and other areas, with both investment and advisory services delivered to IFC’s clients through IFC’s global network.
The Climate business is one of the strategic priorities of the WBG. IFC has set itself a very ambitious climate action plan and target - including energy efficiency, renewable energy, cleaner production and resource efficiency, waste and wastewater management, and green buildings - and has committed that 100% of all investments will be Paris aligned by 2025. To contribute to those targets, Financial Institutions Group (FIG) has already quadrupled its climate finance investments over the last three years, working with FIs to scale up their financing of climate friendly projects. The focus is to support IFC’s client banks and non-bank financial institutions, including credit funds, build viable and scalable climate finance operations, leveraging capital markets as well as their client base and partnerships with real market and government players to promote Paris Alignment objectives.
Methane (CH4) is a key driver of near-term global warming, with a 20-year warming power more than 80 times greater than that of CO2. Human-driven methane emissions account for nearly 45% of current net warming, threatening the goals of the Paris Agreement. Three sectors account for 95% of human-caused emissions: AFOLU (agriculture, forestry and other land use) (40%); fossil fuels (35%); and waste (20%), including both solid waste, and wastewater.
On the other hand, Private investments in plastics circularity totaling US$ 190 billion between 2018 and 2023, or approximately US$ 32 billion annually, highlights a significant financing gap vis-à-vis the more than US$ 1 trillion dollars needed annually from 2025 to 2040 to reduce annual mismanaged plastic volumes by 90% relative to 2019 levels. IFC FIG seeks to reduce this investment gap by scaling up financing solutions for the Circular economy.
IFC is seeking a seasoned professional as a Senior Extended Term Consultant (ETC) to join the Global FIG Sustainable finance team in Washington, DC to develop and lead the implementation of Roadmaps to scale up (i) FI investments to reduce Methane emissions (notably from solid household and commercial, and Water waste) and (ii) FI investments in Circular economy and supporting Cooling solutions.
Role & Responsibilities
The ETC will have a range of evolving responsibilities in line with the department strategic priorities for climate change, GHG emission reductions and sustainable development. Anticipated scope of duties and responsibilities during the assignment include the following:
I. Methane - Strategy, Business development and Operational support:
• Lead the formulation and implementation of a Roadmap to significantly scale up Methane Abatement investments through Financial Intermediaries (FIs) in AFOLU and Waste sectors with a specific focus on developing new and leveraging existing upstream and advisory tools to expand opportunities; • Work with regional FIG teams, MAS, INF and CBD Teams to identify existing methane abatement technological solutions that could be scaled up through FIs including in value chains of FIs’ corporate clients. • Lead the development, and oversee the production of various toolkits to help regional FIG (IS and AS/US) develop new business in this area (e.g., pitchbooks to clients, market assessments, trainings and case studies) • Prepare and execute a fundraising strategy with donors and other partners aimed at supporting new approaches and tools to drive new business opportunities, including funding for performance-based incentives, capacity building, de-risking tools etc • Co-lead work with other IFC teams (MAS, CBD, Trade, AIMM) on joint market studies, impact measurement, developing and improving internal approaches, toolkits and materials with a special focus on developing new partnerships with Cities, MAS and Infra clients including Animal protein, waste and water companies • Develop internal FIG guidance notes on Methane abatement challenges and opportunities and provide technical support to IOs and regional climate specialists in screening and assessing eligibility and market opportunities for Investment and AS/US projects; • Design and oversee the delivery of dedicated trainings programs and informational sessions for internal teams, donors and clients. • Provide industry and best practice advice to internal - IFC and WBG colleagues - and external clients and add value to new business development activities and portfolio monitoring, as well as to advisory services projects. II. Circularity and Cooling - Strategy, Business development and Operational support:
• Lead the formulation and implementation of a Roadmap to identify and execute opportunities to support circularity and cooling initiatives through Financial intermediaries (FIs) including Banks and non-Bank FIs with a specific focus on leveraging existing resources developed by CBD teams on Circularity and Cooling; • Work with regional FIG teams, MAS, INF and CBD Teams to identify early wins that could be scaled up through FIs including in value chains of FIs’ corporate clients (e.g large plastics manufacturer, retail companies, and agricultural supply chains (to reduce food and plastics waste). • Lead the development, and oversee the production of various toolkits to help regional FIG (IS and AS/US) develop new business in this area (e.g., pitchbooks to clients, market assessments, trainings and case studies) • Prepare and execute a fundraising strategy with donors and other partners aimed at supporting new approaches and tools to drive new business opportunities, including funding for performance-based incentives, capacity building, de-risking tools, etc. • Provide industry and best practice advice to internal - IFC and WBG colleagues - and external clients and add value to new business development activities and portfolio monitoring, as well as to advisory services projects. Selection Criteria • Master's degree or equivalent professional qualification in Business, Finance, Economics, or related discipline, and a minimum of 20 years of relevant experience. • Deep understanding of the relevant industries (AFOLU, Waste, renewables) financial needs and mechanisms and ability to link policy reforms, climate industry standards and guidelines, advisory interventions, investment, and mobilization to deliver climate finance related solutions. • Demonstrated experience in leading the development and implementation of climate finance solutions, including use of proceeds transactions/programs and sustainability-linked transactions structuring. Relevant experience in implementing renewables, Biogas, methane abatement from waste recycling and circular economy solutions is a strong plus. • Track record of engaging with private financial sector clients, and other stakeholders to encourage pioneering business and market development in Emerging and Developing economies. • Demonstrated capacity for innovating and challenging the status quo to develop business opportunities, particularly with domestic and international financial players. • Demonstrated capacity for collaborating across organizational boundaries to shift organizational behavior and generate buy-in. Extensive network of climate finance related stakeholders. • Outstanding analytical and critical thinking skills; demonstrated ability to synthetize complex information and make concrete strategic and tactical recommendations. • Excellent people and communication skills, openness to feedback and new ideas, and ability to guide, and motivate others. Experienced speaker on climate finance related topics. World Bank Group Core Competencies We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Learn more about working at the
World Bank
and
IFC , including our values and inspiring stories. Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.
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• Lead the formulation and implementation of a Roadmap to significantly scale up Methane Abatement investments through Financial Intermediaries (FIs) in AFOLU and Waste sectors with a specific focus on developing new and leveraging existing upstream and advisory tools to expand opportunities; • Work with regional FIG teams, MAS, INF and CBD Teams to identify existing methane abatement technological solutions that could be scaled up through FIs including in value chains of FIs’ corporate clients. • Lead the development, and oversee the production of various toolkits to help regional FIG (IS and AS/US) develop new business in this area (e.g., pitchbooks to clients, market assessments, trainings and case studies) • Prepare and execute a fundraising strategy with donors and other partners aimed at supporting new approaches and tools to drive new business opportunities, including funding for performance-based incentives, capacity building, de-risking tools etc • Co-lead work with other IFC teams (MAS, CBD, Trade, AIMM) on joint market studies, impact measurement, developing and improving internal approaches, toolkits and materials with a special focus on developing new partnerships with Cities, MAS and Infra clients including Animal protein, waste and water companies • Develop internal FIG guidance notes on Methane abatement challenges and opportunities and provide technical support to IOs and regional climate specialists in screening and assessing eligibility and market opportunities for Investment and AS/US projects; • Design and oversee the delivery of dedicated trainings programs and informational sessions for internal teams, donors and clients. • Provide industry and best practice advice to internal - IFC and WBG colleagues - and external clients and add value to new business development activities and portfolio monitoring, as well as to advisory services projects. II. Circularity and Cooling - Strategy, Business development and Operational support:
• Lead the formulation and implementation of a Roadmap to identify and execute opportunities to support circularity and cooling initiatives through Financial intermediaries (FIs) including Banks and non-Bank FIs with a specific focus on leveraging existing resources developed by CBD teams on Circularity and Cooling; • Work with regional FIG teams, MAS, INF and CBD Teams to identify early wins that could be scaled up through FIs including in value chains of FIs’ corporate clients (e.g large plastics manufacturer, retail companies, and agricultural supply chains (to reduce food and plastics waste). • Lead the development, and oversee the production of various toolkits to help regional FIG (IS and AS/US) develop new business in this area (e.g., pitchbooks to clients, market assessments, trainings and case studies) • Prepare and execute a fundraising strategy with donors and other partners aimed at supporting new approaches and tools to drive new business opportunities, including funding for performance-based incentives, capacity building, de-risking tools, etc. • Provide industry and best practice advice to internal - IFC and WBG colleagues - and external clients and add value to new business development activities and portfolio monitoring, as well as to advisory services projects. Selection Criteria • Master's degree or equivalent professional qualification in Business, Finance, Economics, or related discipline, and a minimum of 20 years of relevant experience. • Deep understanding of the relevant industries (AFOLU, Waste, renewables) financial needs and mechanisms and ability to link policy reforms, climate industry standards and guidelines, advisory interventions, investment, and mobilization to deliver climate finance related solutions. • Demonstrated experience in leading the development and implementation of climate finance solutions, including use of proceeds transactions/programs and sustainability-linked transactions structuring. Relevant experience in implementing renewables, Biogas, methane abatement from waste recycling and circular economy solutions is a strong plus. • Track record of engaging with private financial sector clients, and other stakeholders to encourage pioneering business and market development in Emerging and Developing economies. • Demonstrated capacity for innovating and challenging the status quo to develop business opportunities, particularly with domestic and international financial players. • Demonstrated capacity for collaborating across organizational boundaries to shift organizational behavior and generate buy-in. Extensive network of climate finance related stakeholders. • Outstanding analytical and critical thinking skills; demonstrated ability to synthetize complex information and make concrete strategic and tactical recommendations. • Excellent people and communication skills, openness to feedback and new ideas, and ability to guide, and motivate others. Experienced speaker on climate finance related topics. World Bank Group Core Competencies We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. Learn more about working at the
World Bank
and
IFC , including our values and inspiring stories. Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.
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