Investment Officer, Methane Mitigation
3 months ago
**INTRODUCTION TO GGGI**:
The Global Green Growth Institute (GGGI) is a treaty-based international, inter-governmental organization dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. To learn more please visit about GGGI web page.
***:
Reporting to the Senior Green Investment Officer, the Investment Officer, Methane Mitigation (“Investment Officer”), plays a critical role in the successful completion of the Thailand component of ASEAN-Korea Cooperation on Methane Mitigation (AKCMM), a 3-year, USD 20M regional program to be implemented in ASEAN Member States (AMS).
The Investment Officer works closely with two other staff members to be hired under AKCMM’s Thailand component - Officer, Methane Policy and Officer, Methane MRV - to deliver Outputs 1-4 in Thailand. These three staff members will work as part of GGGI’s Thailand country team. GGGI country teams are generally comprised of a Country Representative, several Project Managers and Officers (depending on the number of projects GGGI is implementing), and administrative focal points.
In addition to the Thailand country team, the Investment Officer - together with his/her AKCMM colleagues - will also receive guidance from the Asia Regional Office since AKCMM is a _regional_ project being undertaken in ASEAN Member States. Staff members from the regional office will lead the delivery of AKCMM’s regional elements and share best practices of/lessons learned from other GGGI country teams.
The Investment Officer’s main responsibility is to successfully complete Output 3 by originating, designing, financing, and implementing methane reduction sub-projects in Thailand. By the end of the third year - preferably sooner - he/she must have achieved a measurable and verifiable reduction in methane emission through his/her methane reduction sub-projects. A brief description of each step is provided below:
Origination
Origination refers to the process of formulating a concept for a methane reduction sub-project in the form of a Project Idea Note (PIN). A PIN is a document that is 3~5 pages long and includes, among others, the following: (i) summary of the idea, (ii) sector, location, and duration, (iii) expected outcome (especially the approximate quantity of methane emission reduction), (iv) estimated budget, (v) project structure describing the flow of funds from GGGI to subcontractors, beneficiaries, and other entities as relevant, and (vi) risks and mitigation measures.
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
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 #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 Offic
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