Senior Carbon Finance Specialist

The Asian Development Bank is seeking a Senior Carbon Finance Specialist based in Manila, Philippines. This role involves supporting developing member countries in optimizing carbon finance opportunities and implementing carbon market policies. Responsibilities include leading policy design, collaborating with sector offices, providing inputs for mitigation projects, and conducting training on carbon finance. Candidates should have a relevant master's degree and at least ten years of experience in carbon finance.
Join Our Mission to Foster Prosperity in Asia

Are you ready to make a lasting impact on the future of Asia and be a catalyst for positive change? We are thrilled to offer a unique opportunity to become an important part of the prestigious Asian Development Bank (ADB). At ADB, our mission is simple yet powerful: to alleviate poverty and promote sustainable development in the Asia-Pacific region.

Organizational Setting and Reporting Relationship

Thepositionof Senior Carbon Finance Specialistisassignedtothe Climate Change, Resilience and Environment Cluster (CCRE) withinthe Climate Change and Sustainable Development Department (CCSD).CCSD leads thematic operations, knowledge innovation, and partnerships. Youwill be based at our Headquarters in Manila.

Youwillreportto Senior Director, CCRE andwilloversee national staff.

Your Role

Asa Senior Carbon Finance Specialist, youwill support ADB’s developing member countries (DMC) in optimizing carbon finance opportunities to incentivize investments in low carbon technologies and solutions. You will provide up-stream, mid-stream and down-stream support for the DMC governments to design, develop and implement carbon markets related policy framework, build institutional infrastructure to enhance their readiness to take advantage of emerging carbon markets. You will also support identification, design, development, and implementation of mitigation projects considering carbon finance, in partnerships with ADB’s regional departments (RDs), Private Sector Operations Department (PSOD), other departments such as the Office of Markets Development and Public-Private Partnership (OMDP).

You will:
• Lead the design and development of carbon markets/carbon finance related policy and strategies for sustainable and low carbon development in DMCs, in consultation with relevant government ministries/departments/agencies and resident missions in the region.
• Collaborate with sector offices and regional departments in ADB to propose integrated solutions in response to DMC needs.
• Provide extensive inputs to policy dialogues to assist governments to undertake reforms, ensure efficient use of resources, and encourage participation of the private sector.
• Provide extensive inputs to the design, development and implementation of mitigation projects and programs considering carbon finance. You will provide guidance, advice and comment on carbon finance issues in the processing and administration of loans, grants and technical assistance ensuring technical, economic, financial and cross-cutting issues are incorporated and/or addressed into projects.
• Contribute to internal and external training and conferences on carbon finance,clean energy and other relevant topics for advocacy, dissemination and knowledge-sharing.
• Perform other duties as assigned and reflected in the work plan.

You will need:
• Master’s degree or equivalent in engineering, economics, finance or business administration orrelevantfields; or Universitydegreein engineering, economics, finance or business administration orrelevantfields and at least five (5) years of specialized experience relevant to the position can be considered.
• Atleast ten (10) yearsofprofessionalexperience working directly on carbon finance / carbon market, preferably in Asia and the Pacific region.
• Thorough understanding of carbon pricing, carbon markets including those emerging under Article 6 of the Paris Agreement and the voluntary carbon markets.
• Broad experience in the preparation of development carbon credit projects and carbon markets related development policies; exercising supervision, coordination, and planning responsibilities over multi-disciplinary team, and international experience working in several countries.
• Two years of relevant experience outside ADB within the past five years is required. Years as an ADB-engaged consultant or contractor are considered experience outside of ADB.
• WrittenandverbalproficiencyinEnglish
• Pleaserefertothe linkforADBCompetencyFrameworkfor TI2.

Benefits

ADB offers competitive compensation and a comprehensive benefits package. The salary will be based on ADB’s standards and comparator markets, taking into account your qualifications and experience.

·Paid leave (including parental)

·Medical and health benefits

·Life and other insurance plans

·Staff development

·Retirement plan

·Housing and education allowance (if applicable)

·Expatriate benefits (for international staff)

Additional Information

This position is crucial to the Workforce Rebalancing Framework (2022-2027), a strategic initiative aimed at enhancing ADB's in-house expertise previously sourced from the external workforce. The role seeks seasoned experts with substantial field experience capable of leading policy dialogue, and projects focused on delivering knowledge solutions. Successful candidates may occasionally undertake short-term assignments in other groups or departments when required.

This isafixed term appointment withoption torenewfor an initial period of 3 years following Section 3.1 (b) of Administrative Order No. 2.01 (“RecruitmentandAppointment’).Thisappointmentisnotconvertibletoaregularappointment. At the end of the initial period, this appointment may be renewed for a period of up to three years, or not renewed.There is no limit on the number of renewals.This appointment is open to internal and external applicants.

AboutUs

Asian Development Bank (ADB) is an international development finance institution headquarteredinManila,Philippinesandiscomposedof69members,49ofwhicharefromthe Asia and Pacific region. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.ADB combines finance, knowledge, and partnerships to fulfill its expanded vision under its Strategy 2030.

ADBonlyhiresnationalsofits69 members.

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ADB seeks to ensure that everyone is treated with respect and given equal opportunities to workinaninclusiveenvironment.ADBencouragesallqualifiedcandidatestoapplyregardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities. Women are highly encouraged to apply.

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