Investment Officer

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Description

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The Investment Officer shall be guided by Thailand’s Nationally Determined Contributions (NDCs), government strategies/plans pertaining to methane reduction, and recent developments in the field, etc., when originating methane reduction sub-projects. Given the major sources of methane emission in the ASEAN region, the sub-projects will likely take place in the following sectors: (i) agriculture/livestock (e.g., alternate wetting-and-drying rice farming), (ii) solid waste management (e.g., capping landfills), or (iii) oil and gas (e.g., fugitive emissions).

Design refers to the process of elaborating and improving the project idea. The Investment Officer shall exercise her/his judgement to determine what the next steps should be for the project idea to progress towards implementation. It may involve, for example, conducting feasibility studies, engaging potential beneficiaries to ensure their cooperation, collecting additional data, or identifying competent partners to manage salient risks. At the end of the design phase, there should be a comprehensive set of documents detailing all the information required to implement the sub-project. There should also be at least a high-level agreement among sub-project stakeholders on their respective roles and responsibilities.

Financing:

Financing refers to the process of mobilizing the funds needed to implement the sub-project. This process can be simple or complicated depending on how the sub-project is designed. To understand the Investment Officer’s role, note the hypothetical scenarios presented below, assuming that he/she has been allocated a budget of USD 1M for the sub-proje

Scenario #1: An alternate wetting-and-drying sub-project together with a community of rice farmers where the budget is used to pay premia to participating farmers. Here, the Investment Officer has opted to utilize the budget as a grant; he/she has also chosen not to mobilize additional funding from external parties.

Scenario #2: An alternate wetting-and-drying sub-project together with a community of rice farmers, but the Investment Officer (together with the line ministry) has designed a scheme where (i) the training and monitoring of rice farmers are managed by a local rice exporter for a nominal fee (the main benefit to the exporter being hands-on experience growing low emission rice), (ii) the reduction in methane emissions will be certified and the resulting income from the sale of carbon credits are shared with the farmers, (iii) the local branch of a state-owned agricultural bank has agreed to issue cheaper loans for input to attract more farmers subject to there being a partial loan guarantee, etc. Here, the Investment Officer has mobilized additional resources (both monetary and in-kind) through creative utilization of the project budget.

Scenario #3: A landfill project that incorporates technological/operational solutions from Republic of Korea to significantly reduce methane emissions. The Investment Officer has used some of the budget to co-finance the feasibility study for the landfill (together with the Korean technology provider); he/she has also used the budget to mobilize investment from Republic of Korea’s development bank for the landfill project.

The ideal Investment Officer would be someone who (i) is capable of utilizing the budget to design sub-projects that are technically feasible and financially viable, (ii) successfully mobilizes substantial investment from external parties, and (iii) develops a robust implementation arrangement with risks allocated to partners best positioned to address them.

Implementation:

Implementation refers to the process where all implementing partners enter into an agreement with respect to the sub-project and activities are carried out. The Investment Officer must ensure that these entities remain committed throughout the implementation phase, identify and address unforeseen risks/delays and, resources/time permitting, continue originating a pipeline of methane reduction sub-projects.

The Investment Officer’s secondary responsibilities are as follows:

• Support the Policy Analyst, Methane Mitigation, in delivering Output 1
• Support the MRV Officer, Methane Mitigation, in delivering Output 2
• Support the Program Manager, ASEAN Regional Programs, by drafting blogs, briefs, and presentation decks for Output 4
• Undertake all tasks required to comply with administrative and reporting rules of the Government of Thailand, GGGI HQ, AKCF, and the ASEAN Secretariat (with respect to Output 3).
• The Investment Officer is directly responsible for all stages of the investment cycle (i.e., origination, design, financing, and implementation) and undertakes both technical and administrative tasks associated with each stage. He/she achieves a measurable and verifiable reduction in methane emissions through methane reduction sub-projects that are technically feasible and financially viable; he/she also utilizes the budget to devise creative structures/arrangements that mobilize substantial co-investment from external parties. Specific tasks include, among others,
• Analyzing the investment need in Thailand with respect to methane emission reduction (particularly the government’s preferences and priorities), the strengths and weaknesses of current approaches to designing methane reduction sub-projects, potential entry points for private sector firms and financial institutions, etc.
• Adapting the latest developments in methane reduction methodology to design sub-project ideas tailored to Thailand. He/she must strive to go beyond process-oriented implementation and achieve superlative outcomes through technical expertise as well as by bringing competent organizations on board as implementation partners. He/she should, therefore, be someone who is constantly seeking to learn and optimize while also being excellent at communicating such knowledge.
• Applying the information and results (both interim and final) to achieve methane emission reduction at scale and originate new sub-projects. The AKCMM, upon completion, would have established a strong foundation for a variety of subsequent projects on methane; by having a strong pipeline of sub-projects, he/she will contribute to the drafting of follow-up regional/national proposals that (i) replicate/scale-up proven approaches or (ii) seek to develop more ambitious/innovative solutions.

Engagement :

The Investment Officer will engage various stakeholders (e.g., national/provincial/municipal government agencies, bilateral/multilateral agencies, private sector firms and financial institutions, research institutions and academia, NGOs, and local communities) by:

• Analyzing the nature of relationships between GGGI and stakeholders in Thailand with respect to AKCMM – both those that already exist and those that are yet to be established but are necessary for the project’s success – and develop strategies to build, strengthen, and maintain such relationships. In doing so, he/she must clearly articulate the nature of the relationship, particularly on how their involvement adds value to the delivery of Output 3.
• Providing substantive input to potential partners so that their engagement is aligned with the goals of Output 3 specifically and AKCMM in Thailand generally. He/she must, therefore, have a complete grasp of the present and future trajectory of a sub-project’s implementation-related discussions/negotiations (especially on risk allocation) leading up to the signing of all implementation-related agreements. He/she shall therefore serve as an effective convenor and communicator, ensuring that there is a shared understanding of the sub-project among all implementation partners.
• Leading salient dialogue with government agencies, implementation partners, beneficiaries, and other stakeholders on matters related to Output 3 throughout a sub-project’s implementation phase. This may range from responding to a request for additional information to discussing a contractual amendment to certain activities to account for an unforeseen obstacle or delay.

Delivery:

• The Investment Officer will, based on guidance from and supervision of the Senior Green Investment Officer,
• Monitor outcomes from major national/regional/international fora as well as GGGI’s project portfolio to identify emerging needs in Thailand related to methane mitigation, originate, design, finance, and implement methane reduction sub-projects in Thailand to achieve measurable and verifiable reduction in methane emissions, utilizing the budget to develop creative structures/arrangements,
• Identify opportunities to (i) engage entities based in the Republic of Korea at each stage of the investment cycle (e.g., Korean technology providers, think tanks, project developers, etc.) and (ii) mobilize additional resources from external parties to deliver results at scale,
• Manage engagement with stakeholders of sub-projects to be delivered under Output 3,
• Plan and manage missions to gather baseline data, consult stakeholders, validate assumptions, and assess the political/operational/technical feasibility of sub-projects to be delivered under Output 3,Manage the delivery of Output 3 by (i) preparing a work plan, (ii) holding regular meetings with external stakeholders, (iii) procuring competent service providers, (iv) managing the budget and contract(s) related to the output, (v) anticipating and addressing risks, (vi) solving problems of technical or operational nature, and (vii) communicating the results effectively,
• Understand and comply with all administrative and reporting rules as required by the Government of Thailand, GGGI HQ, AKCF, and the ASEAN Secretariat (with respect to Output 3),
• Support the delivery of Outputs 1, 2, and 4, and,
• Have an up-to-date knowledge of GGGI processes, standards, and safeguards and following/adhering to them through the investment cycle.

Requirements:

Qualifications:

• Master’s degree in economics, environmental science, public policy, finance, international relations, statistics, or a related discipline,
• At least 6 years of experience in climate project financing, investment mobilization, and methane reduction initiatives. Additional years of experience are considered advantageous.
• Strong understanding of government budgeting and spending for climate projects, with the ability to mobilize in-kind contributions from government entities,
• Familiarity with methane reduction initiatives from government agencies, international organizations, the private sector, NGOs, and development financial institutions, with strong collaboration skills to align efforts across diverse stakeholders and sectors,
• Strong understanding of business models in relevant sectors, with the ability to assess, improve, and design models that effectively drive methane reduction,
• Proven ability to develop creative financing structures and mobilize investments for methane reduction projects,
• Experience in engaging with both government and private sector to achieve investment alignment,
• Strong understanding of climate-related challenges in Thailand, particularly on the trends and sources of methane emissions and established/emerging approaches to reduce them,
• Proven ability to understand a novel subject matter in a short period of time and write intelligibly on the subject matter (applicants may be requested to share a writing sample), and
• Fluency in written and spoken English and Thai.

Source: https://careers.gggi.org/vacancy/investment-officer-methane-mitigation-569886.html

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