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The organization partners with countries, multilateral institutions, government bodies, and the private sector to help build economies that achieve strong growth and are less carbon intensive, more resilient to climate change, and more efficient and sustainable in the use of natural resources.
In October 2024, GGGI launched the Carbon Transaction Facility (CTF), a first-of-its-kind facility which offers a comprehensive solution to scaling up international carbon trading under Article 6 of the Paris Agreement. Through the CTF, GGGI will extend its Article 6 activities through a collection of single and multi-donor funds aimed at increasing host country readiness and facilitating transactions of Internationally Transferred Mitigation Outcomes (ITMOs). The CTF aims to catalyze up to USD 500 million solely for ITMOs purchasing by 2030. The multi-donor fund, named the Article 6 Readiness Facility, will mobilize up to USD 50 million for readiness support activities to GGGI Member States and Partner Countries.
The multi-donor fund, named the Article 6 Readiness Facility, will mobilize up to USD 50 million for readiness support activities to GGGI Member States and Partner Countries. The readiness component will allow GGGI to more than double the scale of its support for capacity building, technical assistance, institutional strengthening and international knowledge exchange activities in its Member States and partner counties. At the same time a pipeline of potential mitigation activities for trading will also be developed.
In 2023, the new Paraguayan government passed Law 7190, creating a framework for carbon markets. While the law establishes the opportunity to trade carbon credits, it was designed principally for the Voluntary Carbon Market. This year, the project Paraguay +Verde, financed by the Green Climate Fund and implemented by a UN consortium, UNEP, UNDP, and FAO, is supporting a secondary regulation of the Carbon Law related to REDD+. The final draft of the regulation will be available for public consultation shortly.
GGGI will build upon Law 7190 to develop a Carbon Market Strategy for the Ministry of Environment and Sustainable Development (MADES), which will help it best determine how to engage in Article 6 regulated markets and Voluntary Carbon Markets.
As the Paraguayan government requires substantial awareness raising and capacity building about Article 6 carbon markets, the project proposes to undertake a comprehensive training program working closely with decision makers and technical staff in an interministerial committee with the participation of MADES, the Ministry of Economy and Finance (MEF), the Ministry of Foreign Affairs and the Ministry of Industry and Commerce (MIC) to determine the most effective way to operationalize Law 7190 to allow Paraguay to take advantage of both Article 6 regulated markets and voluntary markets. The project will also raise the awareness of project developers about the opportunities and requirements for developing mitigation activities for Article 6, identifying and developing project opportunities to generate and sell carbon credits.
The project will support the operationalization of Paraguay’s National Carbon Market Framework through a combination of awareness raising, knowledge sharing, capacity building, and mitigation activity pipeline development interventions, ultimately enabling Paraguay to generate and sell carbon credits to other countries, including GGGI’s carbon trust fund members, and catalyzing meaningful participation in Article 6 markets as a way to finance Paraguay’s ambitious NDC targets.
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.
The Carbon Pricing Senior Officer will be based in Asunción, Paraguay and will lead the implementation of the Paraguay Art 6 Readiness project activities. The successful candidate will have a dual reporting line, to GGGI Paraguay Program Lead, and the CTF Program Manager.
The Carbon Pricing Senior Officer will be the recognized focal point and principal expert for the project in Paraguay and will have overall responsibility for timely and high-quality project delivery. The position-holder will provide day-to-day technical and strategic guidance and management, as well as liaise externally to ensure impactful delivery of the project and its outputs.
Experience in international carbon markets is strongly preferable, as the position-holder will be required to quickly absorb and apply sufficient technical knowledge on Article 6 concepts, requirements, frameworks and approaches to the local context in Paraguay.
* For international positions, meeting this requirement is mandatory for candidates.
Candidates who do not fulfill this requirement but meet other qualifications and proceed to the next stage will be considered as national candidates for a national-scale position. Consequently, the position scale will be adjusted, and the salary scale will be aligned with X9 Paraguay (National Scale) WITHOUT expatriate benefits.
The Senior Officer is an X9 grade level in GGGI, details of which can be found in the GGGI Staff Rules on GGGI’s website. In addition, GGGI provides 27 days of annual leave, flexible work arrangements and contribution towards private health insurance that covers dental and vision. The initial appointment is for 20 months, renewable subject to satisfactory performance and budget availability.
GGGI is committed to providing a work environment that is sufficiently flexible to accommodate diverse life-cycle challenges and assist Staff members to achieve a better balance between work commitments and personal and family commitments, including repercussions of post-COVID conditions, thus ensuring high performance, long-term productivity and well-being of Staff members.
For more information on GGGI’s terms and conditions (allowances, health care, education etc) please familiarize yourself with GGGI’s Rules and Regulations that can be found here: https://gggi.org/policy-documents/.
Child protection – GGGI is committed to child protection, irrespective of whether any specific area of work involves direct contact with children. GGGI’s Child Protection Policy is written in accordance with the Convention on the Rights of the Child.
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