Description
Do you want to build a career that is truly worthwhile? The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group, and our mission is to promote foreign direct investment into developing countries to help end extreme poverty and boost share prosperity. We do that through the provision of political risk insurance and credit enhancement to investors and lenders against losses caused by noncommercial risks. For more information, visit www.miga.org.
Hiring Unit
Sustainability is a strategic priority for MIGA. It underpins the WBG’s efforts to end extreme poverty and boost shared prosperity on a livable planet. MIGA, through the work of the Sustainability units, works with clients and businesses across sectors to address environmental and social risks and impacts, including risks related to climate change and gender equality. Core functions of the Sustainability and Climate unit in relation to climate include climate risks/vulnerability, greenhouse gases (GHG) accounting, climate finance accounting, and Paris Alignment assessment, as well as the monitoring of projects in the sectors of operation. These sectors include agribusiness, manufacturing, services, infrastructure, energy, natural resource extraction and financial markets. MIGA Sustainability units collaborate with the other units in MIGA to ensure the implementation of the Agency’s policies and procedures.
MIGA Sustainability and Climate unit is looking for a dynamic, motivated, and detail-oriented individual with expertise in climate risk assessment, climate finance accounting, GHG emissions accounting and verification, carbon markets and climate topics in general and with an experience of working with private sector, MDBs and/or international organizations. The Climate Change Specialist will be based at MIGA’s headquarters in Washington, DC.
Roles and Responsibilities
- Conduct climate risk screening and thorough assessment to assigned projects and propose appropriate mitigation measures to ensure projects supported by MIGA are resilient to climate change impacts.
- Identify, track and report climate mitigation and/or climate adaptation finance opportunities in assigned projects in accordance with the joint Multilateral Development Banks’ (MDBs) Climate Finance Tracking Methodologies.
- Conduct Paris Alignment assessment of assigned projects, including reviewing of the project alignment with the country’s low carbon development and resilient pathways and assessing transition and physical climate risk exposure in accordance with the Joint MDB Methodological Principles for Paris Alignment Assessment.
- Articulate (verbally and in writing) key climate risks and impacts, climate finance, Paris Alignment and other climate related topics to project teams and Management. Contribute to the preparation of project documents, Board documents, strategy and policy documents, talking points, and other materials related to MIGA’s work on enhancing climate action.
- Provide guidance and technical support to MIGA project teams on topics related to low-carbon development, such as on and off-grid renewable energy generation, energy efficiency, green buildings, ‘just transition’ from coal, greening the financial sector, carbon finance, and relevant climate regulations and policies (e.g. UNFCCC NDCs or low-carbon strategies for MIGA’s client countries).
- Provide technical expertise and support with the calculation of gross and net GHG emissions as well as emission reductions of MIGA’s projects as well as developing systems for Monitoring, Reporting, and Verification of GHG emissions (MRV).
- Support the unit’s work to further develop background analytical information and climate-related internal guidelines/guidance, tools and/or metrics, as necessary.
- Develop and support MIGA’s knowledge management on climate action topics by creating a repository of climate change related reports, articles, papers, and update on a regular basis.
- Assess knowledge needs of related stakeholders, identify and design capacity building activities, and provide training to MIGA clients, internal staff, and other specialists, as needed.
- Liaise and engage with relevant operational departments, and/or WBG Climate Change teams, and project teams, as required.
- Support the implementation of the WBG Climate Change Action Plan, as needed.
Selection Criteria
- Master’s degree with at least 5 years of proven work experience in climate risk, climate finance or other field relevant to low carbon and climate resilient development.
- A track record in working with private sector across industry sectors in transition and physical climate risk screening, GHG accounting and reporting.
- Sound understanding and experience with joint MDB methodologies for climate mitigation and climate adaptation finance tracking and reporting.
- Sound understanding of the Joint MDB Methodological Principles for Paris Alignment assessment.
- Sound knowledge of UNFCCC articles and frameworks (including Paris Agreement), climate finance instruments and mechanisms, and low-carbon development strategies is required.
- Familiar with existing industry and WBG tools of climate risk management.
- Ability to address a range of issues related to global environmental management (scaling up private sector engagement in support of climate mitigation finance, carbon markets and energy transition are highly desirable skills) and its relationship to sustainable development.
- Ability to manage multiple projects simultaneously.
- Excellent ability to communicate with a wide range of stakeholders, including with internal and external MIGA clients, government officials, NGO’s / civil society, as well as project investors and their staff.
- Excellent verbal and written English language skills are essential, French is highly desirable.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
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.