CARBON PRICING READINESS SERVICE DELIVERY JUNIOR CONSULTANT

  • Added Date: Monday, 17 February 2025
  • Deadline Date: Monday, 03 March 2025
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CARBON PRICING READINESS SERVICE DELIVERY JUNIOR CONSULTANT

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.

PROJECT BACKGROUND

The Paris Agreement provides a comprehensive framework for signatory Parties to reach an ambitious commitment to limit the increase in global average temperature to well below 2ยฐC, and to pursue efforts to limit the increase to 1.5ยฐC in a cooperative manner. This framework covers a number of instruments including cooperative approaches under Article 6 which allows signatory countries (and private sector entities authorized by these countries) to engage in international carbon transactions.

The Carbon Pricing Unit (CPU) of GGGI is a global leader in Article 6 international carbon trading technical assistance, implementing several programs since 2019 related to preparing and supporting countries in trading, opening international carbon markets. The resultant flow of transactions is envisaged to build a robust and reliable global price for carbon, something many areas of the private sector have long called for as a way to motivate the transformational change needed to achieve the ambitious goals of Paris.

The GGGI Carbon Pricing team is a global team with a vision to open up Article 6-aligned carbon markets to provide countries access to funding needed to implement their green growth paths and economic efficiencies that markets enable, helping the in the efforts to meet the global climate goals. We believe in excellence in our delivery and aligning to the highest levels of environmental integrity; our track record has enabled us to become a global leader in this space. We are a diverse and participatory team that believes in a culture of growth. Our goal is to drive delivery of first to market transactions and to scale these by supporting our growing number of members and partner countries to access international Article 6-aligned carbon markets.

The Carbon Transaction Facility (CTF) was launched in October 2024 and is the main delivery vehicle for GGGIโ€™s Article 6 support to itsโ€™ member and partner countries. It will be a collection of single and multi-donor funds aimed at further developing and scaling up Article 6-based carbon markets. The CTF will not only support the readiness of countries to participate in Article 6 cooperative approaches through a learning by doing approach but also enable transactions of Article 6 compliant mitigation outcomes, also known as ITMOs. GGGI will act as trust fund manager for all trust funds within the CTF. CTF participants are sovereign parties looking to support potential seller countries in readiness. Several fund participants also seek to purchase ITMOs for meeting their own NDC or for higher ambition purposes such as carbon neutrality targets.

In addition to CTF activities, CPU supports Green Growth Policy and Implementation (GGPI) earmarked projects that promote Article 6-aligned carbon market participation. These services include:

This vacancy is archived.

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