Associate - Carbon Transaction Facility NACA Fund

Please note that the deadline is based on Korean Standard Time Zone (KST, UTC+9)

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. 

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 2°C, and to pursue efforts to limit the increase to 1.5°C 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 Finance Department (CFD) 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 up 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.

In 2024 GGGI launched the Carbon Transaction Facility (CTF), GGGI’s programmatic approach to scaling up international carbon trading under Article 6 of the Paris Agreement. The CTF encompasses the Article 6 Readiness Facility and multiple Carbon Funds. While the Readiness Facility is focused on providing technical assistance and increasing readiness for Article 6 trading at host country level, Carbon Funds primarily seek to channel carbon finance to developing countries through the purchase of Internationally Transferred Mitigation Outcomes (ITMOs) generated from mitigation activities implemented in GGGI Member and Partner host countries.

One of the Carbon Funds currently operational under the CTF is the Norwegian Article 6 Climate Action (NACA) Fund. The NACA Fund is part of the Norwegian Global Emission Reduction Initiative and aims to facilitate carbon transactions under Article 6 of the Paris Agreement, raise global climate action, support and promote best practices under Article 6, and contribute to the development of an equal playing field in international carbon markets. GGGI manages the NACA Fund as trustee on behalf of the Norwegian Ministry of Climate and Environment (NMCE) and seeks to develop mitigation activities and purchase ITMOs generated from such activities to support achievement of the objectives of the NACA Fund. To purchase ITMOs, GGGI, as trustee of the NACA Fund, will enter into Mitigation Outcome Purchase Agreements (MOPA) with relevant seller entities (e.g., mitigation activity proponents or aggregators, which may be public or private institutions).  

The NACA Fund aims to purchase ITMOs from a range of different mitigation activities, including Policy-Based Programs (PBP), Programmes of Activities (PoA), and stand-alone mitigation activities. PBPs are currently being developed with NACA Fund support in several host countries using Gold Standard’s new Policy Requirements and Procedures. PoAs and stand-alone mitigation activities will likely be developed utilizing Gold Standard methodologies or Paris Agreement Crediting Mechanism (PACM) methodologies once available. Note that regardless of the crediting standard applied, all mitigation activities from which the NACA Fund is purchasing ITMOs also need to incorporate, as a floor/minimum, key standards and requirements (decided or emerging) under the Article 6.4 PACM.  

POSITION SUMMARY

Associate – Carbon Transaction Facility (CTF) NACA Fund will be responsible for supporting the operationalization and delivery of the CTF Norwegian Article 6 Climate Action (NACA) Fund. The Associate will contribute to the development of operational systems and processes, coordination of due diligence processes, and management of documentation and stakeholder engagement. This role is essential to ensuring that Funds operations are efficient, transparent, and aligned with GGGI’s policies and international standards.

PURPOSE

The purpose of this role is to:

• Support the design and implementation of operational systems and workflows that enable the full lifecycle of ITMO transactions.
• Coordinate due diligence processes, including environmental and social safeguards (ESS), Know Your Customer (KYC), Anti-Money Laundering (AML), and Countering the Financing of Terrorism (CFT), in line with GGGI and UNFCCC standards.
• Assist in managing outsourced assessments and ensuring their alignment with GGGI’s internal policies and donor requirements.
• Facilitate operational readiness and delivery of the Carbon Transaction Facility by supporting internal coordination, documentation, and compliance.
• Contribute to the efficient and transparent execution of carbon market transactions that align with GGGI’s mission and the goals of the Paris Agreement.

ENGAGEMENT

The Associate will work closely with:

• Internal stakeholders: including the Carbon Finance Department, Finance, Legal, IT, Procurement, and Country Programs to ensure operational alignment and compliance.
• External stakeholders: such as Mitigation Activity Proponents, fund participants, and third-party service providers conducting due diligence assessments.
• Consultants and contractors: supporting the management of outsourced services related to Environmental and Social Safeguards (ESS), KYC, AML, and CFT assessments.

The Associate will also support coordination across multiple workstreams, ensuring timely communication, documentation, and delivery of operational outputs.

DELIVERY

Operational Systems & Process Facilitation

• Support the design and document operational steps and procedures related to the ITMO transaction lifecycle, including:
  • Mitigation Activity Idea Note (MAIN) intake, assessment, and selection.
  • Deal making process
  • MADD assessment or development
  • Stakeholder consultations
  • Cooperative Approach and ITMO authorization
  • Registry account setup and ITMO issuance tracking.
• Assist in developing digital tools and platforms to manage project pipelines and transaction data.
• Maintain decision logs and track key decisions to ensure transparency and institutional memory.
• Organize and archive operational records in line with GGGI’s data management protocols.

Carbon Program/Project Due Diligence

• Conduct research and coordination support for due diligence processes for carbon market transactions under Article 6, covering:
  • Risk assessment.
  • Environmental and Social Safeguards (ESS),
  • KYC, AML, and CFT requirements under the UNFCCC framework.
• Support the management of outsourcing contracts for these assessments:
  • Draft scopes of work and deliverables.
  • Coordinate timelines and quality assurance.
  • Ensure alignment with GGGI’s internal policies and donor requirements.

Program Coordination & Documentation

• Facilitate stakeholder engagement and ensure smooth information flow.
• Draft, edit, and format operational manuals, templates, reports, and presentations.
• Maintain accurate records and ensure timely data entry into internal systems.

Additional Support

• Provide administrative and logistical support to the NACA team.
• Contribute to cross-cutting initiatives such as capacity building, communications, and strategic planning.
• Support onboarding and coordination of consultants or interns working on CTF-related tasks.

QUALIFICATIONS

• Bachelor’s degree in sustainable energy management, international business, global economics, finance, or other disciplines related to green growth.
• Master’s degree an advantage.
• Preferably 1-2 years of relevant experience with a public or private sector organization.

• Familiarity with the Paris Agreement and international carbon markets, including Article 6.
• Demonstrated experience in developing and organizing project documentation, coordinating across teams, and supporting implementation in the fields of climate policy or carbon pricing
• Strong organizational and coordination skills, with attention to detail and the ability to manage multiple deliverables simultaneously.

FUNCTIONAL

• Knowledge of climate change issues and the Paris Agreement.
• Experience in developing high-quality presentations, reports and other documentation.
• Fluency in English a requirement.
• Ability to communicate clearly and effectively through written English with non-native English speakers.
• Excellent organizational skills with the ability to manage and curate a large amount of information and data in support of Funds’ goals.
• A problem solver, ready to anticipate and provide necessary support to the Senior Portfolio Officer and NACA Fund Manager.
• Able to effectively communicate, listen to others, and create and promote an environment for open communication.

 CORPORATE

• Demonstrates a high level of integrity in handling privileged information and in stewardship of public resources.
• Demonstrates ability to take on significant responsibilities in the workplace.
• Demonstrates initiative in problem-solving.
• Values the importance of promoting environmental sustainability within the workplace and green growth within society as a whole.
• Able to work effectively with other teams of a high degree of cultural/professional diversity.

WORKING CONDITIONS 

• The Associate is X6, Korean national grade level in GGGI’s salary scale. For an X6 national grade, the base salary starts from USD 48,312. Determination of base salary is subject to candidate’s experience, academic background, and internal equity. Terms and conditions are to be reviewed in a case-by-case situation.
• GGGI provides 15% of base salary towards retirement plan/long-term savings, 27 days of annual leave, and private health insurance that covers dental and vision. 
• GGGI is committed to providing a work environment that is sufficiently flexible to accommodate diverse life-cycle challenges and assist Staff members to achieve a better balance between work and personal/family commitments, thus ensuring high performance, long-term productivity, and well-being of Staff members. 
• The chosen candidate is expected to be based in GGGI’s Seoul headquarters and will report directly to the Carbon Pricing Senior Portfolio Officer, with a secondary line to NACA Fund Manager.