The intern will provide support to Regional Technical Advisors (RTAs) working on climate change adaptation by conducting quantitative and qualitative research and producing written outputs on, inter alia, weather insurance and related products and the possibility of integrating these products in new or existing climate change adaptation projects. The intern will also conduct desktop research on relevant issues related to climate change adaptation in the Asia Pacific region.
DUTIES AND RESPONSIBILITIES:
- Undertake a desk review on the possibility of developing weather derivative products that enable swapping weather risks between two industries in developing countries. Industries will be identified based on the technical and practical feasibility of such products as well as the possible contributions that they can make to the achievement of the SDGs;
- Develop a policy paper or a presentation, anchored on the latest scientific and technical literature, on the opportunity of weather derivative products in hedging climate risks particularly in vulnerable sectors such as agriculture in the developing country context and identify potential roles UNDP can possibly play.
- Conduct a literature review and other relevant tasks related to parametric insurance products in the specific context of the GCF project formulation in Indonesia. Liaise, as needed, with relevant national/international stakeholders.
- Assist the implementation of a weather index-based insurance project in the Philippines.
- Support, when required, RTAs with last mile activities related to the finalization of GCF financed projects as they approach deadlines for Board submissions.
The intern may be required to travel. Destination shall be assigned and approved prior to travel depends on specific assignments. The travel costs will be compensated, in accordance with the prevailing UNDP rules and regulations.
FINAL PRODUCTS:
- A policy/opinion paper or a presentation on the feasibility and opportunity of weather derivative products in Asia and the Pacific.
- A literature review on parametric insurance in Indonesia which will be used as a (sub)section in the Indonesia GCF Funding Proposal.
PROVISION OF MONITORING AND PROGRESS CONTROLS:
The intern will report and submit final products at the end of internship (or upon internal arrangements) to the Head-Adaptation (Global), UNDP-GEF or his designate as directed.
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