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RECLICKS Center for Research and Education in Climate Finance, in collaboration with Purnomo Yusgiantoro Center and I-CAN, invites a Climate Finance–Renewable Energy Research Analyst intern to support data cleaning, model customization, and scenario assessment for geothermal energy in Indonesia. Join a multi-partner FINCAPES project with global relevance.
The role emphasizes methodology development, data handling, and policy-oriented analysis, offering hands-on experience in energy transition
Climate Finance – Renewable Energy Research Analyst
29 July 2026
Internship (4 months between January to April 2026)
FINCAPES and RECLICKS offices, Jakarta, Indonesia
RECLICKS Center for Research and Education in Climate Finance in association with the Purnomo Yusgiantoro Center (PYC) and IPB Centre for Applied Research in Nature-based Solutions (I-CAN), supported by the FINCAPES Project.
The Flood Impacts, Carbon Pricing, and Ecosystem Sustainability (FINCAPES) project is a collaborative, gender-responsive initiative funded by Global Affairs Canada. Over a 5.5-year period, jointly undertaken between institutional partners in Indonesia and the University of Waterloo’s Faculty of Mathematics and Faculty of Environment, the project supports Indonesia in adapting to climate change, mitigating its impacts, and conserving biodiversity in a socially and economically sustainable manner.
One of the FINCAPES Project components is designed to support Indonesia in addressing the increasing challenges and opportunities brought about by climate change, with a particular focus on climate finance. Under this component, FINCAPES is collaborating with the Purnomo Yusgiantoro Center (PYC) to establish and operationalize a Center of Excellence for Climate Finance Policy, Research, and Training. This center strives to play a vital role in overcoming the financial challenges of climate action in Indonesia, particularly in achieving the country’s energy transition targets. Through the development of innovative financial mechanisms, capacity building, research, and policy advocacy, the collaboration seeks to empower communities, governments, policymakers, researchers, and industry stakeholders to drive the energy transition forward.
The “Climate Finance for Geothermal Renewable Geothermal Energy” research project is being undertaken by RECLICKS to provide data-driven analysis and recommendations to encourage further adoption of geothermal renewable energy (RE) in Indonesia.
Project research will utilize Indonesia’s existing Nilai Ekonomi Karbon (NEK) (Carbon Economic Value) model, as well as related mathematical models and methods, to assess financial barriers to utlization of geothermal energy in Indonesia and policy and financial tools to address these barriers.
Indonesia’s vast geothermal potential (40% of global reserves) offers a low-emission pathway to net-zero greenhouse gas emissions by 2060 and a 44% renewable share by 2030 under the Just Energy Transition Partnership (JETP). However, structural barriers—such as high exploration costs (USD 4.1 million/MW) and relegation of geothermal credits to low-value voluntary markets—hinder scalability. The research will advance policy reforms, including hybrid mandates integrating geothermal Sertifikat Pengurangan Emisi (SPEs) into Indonesia’s mandatory Emission Trading Scheme (ETS).
As a Climate Finance-Renewable Energy Research Analyst , you will support the Lead Researcher and research team in database cleaning and manipulation, application and customization of existing mathematical models for assessing energy and emissions related to geothermal renewable energy, and assessment of alternative scenarios for incorporation of geothermal RE in Indonesia’s electrical power system.
This role provides a unique opportunity to contribute to impactful work that aligns with global efforts to tackle climate change, enhance environmental sustainability, and promote social equity. You will be part of a dynamic, multi-stakeholder project that directly supports application of mathematical expertise and tools to further adoption of renewable energy at scale and address climate, health and economic policy issues.
In this position, you will gain hands-on experience in application of economic, carbon emission, and financial (business-case) models to inform government and business decisions within a collaborative, multi-stakeholder project, participate in a project that supports Indonesia’s climate change mitigation goals and global climate finance efforts.
Education:
Minimum: Currently pursuing a master’s degree in Environmental Science, Economics, Mathematics, or related field.
Required:
Nice-to-have:
Compensation:
We welcome dynamic and creative students who wish to contribute to tackling climate change and sustainability issues through climate finance and adoption of renewable energy.