Senior Carbon Finance Specialist

The incumbent will work closely with the Carbon Partnership Facility Coordinator and report to the ENVCF Manager .   He/she will be responsible for overseeing the selection and development of CPF Programs, management of the pipeline and portfolio of Programs and the negotiation of Emission Reductions Purchase Agreements (ERPAs) for the Programs.   The incumbent will:

• Advise the CPF Coordinator on the selection of programs for inclusion in CPF Carbon Fund Tranche portfolios.  Report regularly on the status of CPF carbon finance programs to the CPF Coordinator and ENVCF Management Team.

• Work closely with World Bank’s regional teams and country counterparts on the development of a solid pipeline and portfolio of CPF Programs; provide  guidance and advice on carbon finance in general and the CPF objectives, requirements and procedures; and negotiate Work Program Agreements (WPAs) with the Regions for CPF program development. 

• Manage and draw on a team of carbon finance specialists (Deal Managers) in the CFU’s Operations Team to prepare carbon finance Programs for inclusion in CPF Carbon Fund Tranche portfolios, providing guidance to Deal Managers on the preparation of CPF programs.

•  Work closely with the ENVCF Policy and Methodology team to ensure that carbon finance components of the programs undertaken by the Facility meet the international regulatory requirements and eligibility criteria as per the UNFCCC/Kyoto Protocol, and as appropriate, the European Union Emissions Trading Scheme (ETS) and other regulatory regimes;  manage external consultants responsible for preparing project documentation for the purpose of international project registration (Project Design Document) and/or for development of new baseline and monitoring methodologies for carbon finance projects.

• Manage the negotiation of ERPAs for CPF Programs.

• Participate and contribute to the overall management and development of the CPF, including on the partnership governance structure, business planning, budgeting, and opening and structuring of potential new tranches of the CPF Carbon Fund.

• Implement pricing policy, risk assessment tools, and other operational policies designed to ensure that the agreed targets of the carbon fund in terms of volume, delivery, risk management, timeliness and project diversity will be met.

• Work closely together with Task Team Leaders (TTLs) in World Bank regional departments to ensure that the CPF carbon finance programs meet World Bank environmental and social safeguards and are in full compliance with relevant Bank policies and procedures.

A second key function of the selected staff will be to act as a Deal Manager for specific  CPF carbon finance programs.  The selected person, who is required to have strong technical knowledge of carbon finance, will be expected to:

• Take responsibility for origination, development, management and supervision of a number of significant carbon finance transactions using programmatic CDM or JI, in various sectors including energy, oil and gas, industry, waste, and transport.

• Prepare and negotiate with project sponsors relevant carbon finance contractual documents, such as letters of intent (LoI) and ERPAs, together with the legal counsel in LEGCF.

• Design, deliver and participate in training and knowledge dissemination activities in carbon finance for carbon fund participants, World Bank staff, and other stakeholders.