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The Global Green Growth Institute (GGGI) is seeking a Business Development Consultant to assist in mobilizing private sector investment for climate actions in Indonesia. The role requires developing business models and engaging stakeholders to support climate finance initiatives. Applicants should have a Master's degree and over 10 years of relevant experience.
Currently, GGGI supports the Government of Indonesia (GoI) under the joint GoI-GGGI Green Growth Program (GGP, “the Program”). The Program aims to demonstrate that green investments can become the norm both for investors and planners, ultimately improving the quality of economic development for more environmental sustainability and social inclusion. Through the Program, GGGI collaborates with the Ministry of Development Planning (BAPPENAS), the Coordinating Ministry of Economic Affairs, Ministry of Finance, Ministry of Energy and Mineral Resources, Ministry of Environment and Forestry, PT Sarana Multi Infrastruktur (“PT SMI”) and others.
GGGI and the Fiscal Policy Agency (FPA) implement the Green Climate Fund (GCF) readiness and preparatory support project (“the Readiness Project”) in Indonesia. The FPA is the National Designated Authority (NDA) of the GCF in Indonesia, i.e., the agency through which Indonesia and the GCF interact and communicate. In September 2022, the FPA started the 3-year Readiness Project “Enhancing Indonesia's Access to International Climate Finance and Private Sector Investments for Climate Actions” (“Readiness III”) to support the NDA in enhancing national actors’ institutional capacities to build a pipeline of climate change projects and to increase country ownership. The NDA has selected GGGI as the Delivery Partner to implement this project.
Overall, the Readiness Program aims to mobilize international climate finance and private sector investment to close the financing gap across the priority sectors identified by the Government of Indonesia. It consists of a range of activities with the objective of achieving five readiness outcomes:
One of the primary objectives of the Readiness program phase III is transforming and attracting private sector investment to participate in financing climate actions. In efforts to achieve that objective, several activities in the program including identification of climate priority sectors, development of private sector engagement strategy, and blended finance framework have been developed. One of the recommended strategy to attract private sector investment for low carbon emissions and resilience in Indonesia is through a blended finance approach. It can facilitate efficient capital combination and channel investments into climate-related projects. The result of this activity is aimed to support and strengthen the development of one new GCF programmatic concept note.
OBJECTIVES OF THE ASSIGNMENT
The gap in financing Indonesia’s climate actions needs to be met through alternative funding sources, including from international climate funding as well as private sector investment. However, the private sector tends to be less interested in engaging in climate actions, due to lack of awareness about climate change as well as the assumption of putting government as the sole responsible party, especially in adaptation sector. Through the Readiness program, Fiscal Policy Agency as the NDA GCF in Indonesia has developed a Private Sector Engagement strategy for selected priority sectors (energy, Forest and Land Use/FOLU, water, and food) to encourage more private sector investment in climate actions. One strategy from the recommendations that will lead the sustainable and climate finance development in Indonesia is the blended finance.
Blended finance is an effective approach that leverages climate and public finance to mobilize private capital. By deploying climate finance in a way that addresses investment barriers and improves the investment’s risk-return profile, blended finance operates as a market-building instrument that provides a bridge from reliance on public financing towards climate-related projects. In order to identify how public funding can effectively enable the flow of private finance into climate-related projects, it is essential to develop well-structured business models tailored to prioritized sectors of CIMB Niaga (preferably on energy and FOLU sector).
The objective of this work is to recommend the proper business model incorporating blended financing for concept note being developed by/for CIMB Niaga on financing facility for energy and/or FOLU sectors, adjustments may be made as per the needs of the entity.
DELIVERABLES AND PAYMENT SCHEDULE
GGGI requires the services of a qualified expert to be a “Business Development Consultant” (hereafter referred to as “the Consultant”) for the National Designated Authority (NDA) of the Green Climate Fund (GCF) in Indonesia.
The consultant will be responsible for the following tasks and duties:
a. Identification of the projects and Stakeholder mapping
b. Business model development and financial structuring
c. Facilitation, documentation and reporting
The Consultant will report to the GCF Readiness Project Manager.
The consultant is responsible for delivering the following deliverables:
No
Description
Indicative dates subject to contract
Payment Schedule
1
Submission of inception report, including but not limited to detailed workplan, approved methodology, and a list of potential stakeholders to be engaged.
30 July 2025
20%
2
Submission of summary report on financing landscape assessment and stakeholder engagement, including private sector mapping, as mentioned in the point A and B.
18 August 2025
30%
4
Submission of business model and financial structure for CIMB Niaga’s climate related project, as mentioned in point B.
5 September 2025
50%
Notes:
EXPERTISE INFORMATION
He or she must have the following qualifications:
ADMINISTRATIVE INFORMATION
In order to be considered for the position, the candidate must meet the minimum qualification listed below. Consideration and selection will be based on a panel evaluation of the evaluation criteria factor below. Please note that only shortlisted/finalist applicants will be interviewed or contacted. GGGI does not pay for any expenses associated with the interviews unless expenses are pre-authorized. Reference check will be conducted on those candidates selected for an interview. The applicant’s references must be able to provide substantive information about his/her past performance and abilities.
Interviews and a writing exercise may be requested. Applicants are required to prepare a brief narrative demonstrating how prior experience and/or education and training address selection criteria factors listed below:
Maximum Points Available: 100
At GGGI’s discretion, reference checks and interviews may be conducted as part of the evaluation process.
Applicants must also include in their application package as follows: