Based in Seoul, the Global Green Growth Institute (GGGI) is an intergovernmental organization founded to support and promote a model of economic growth known as "green growth", which is low carbon, environmentally sustainable, climate resilient and socially inclusive. GGGI works with Member and partner countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and private sector to deliver its vision and mandate through country and regional programs that are funded by donors.

PROJECT BACKGROUND

Papua New Guinea (PNG) is a founding member of GGGI, and the GGGI office in PNG was established in 2018 in Port Moresby and is based within the Climate Change and Development Authority (CCDA). CCDA is the National Designated Authority (NDA) to the Green Climate Fund (GCF). NDA is the official focal point between a country and GCF in terms of strategic priorities for financing low-emission and climate-resilient development across its economy. The NDA works closely with sectors and Accredited Entities to support the development process of climate-related projects that aim to access GCF funding either for mitigation, adaptation or both. GGGI is a Delivery Partner who has been working with the NDA since 2018 to deliver the GCF readiness and preparatory support project. These readiness projects serve to prepare countries like PNG to access climate finance from GCF.  Recently, GGG has started a new GCF readiness project called “Strengthening NDA Capacity on Project Evaluation and Development of Climate Finance Strategy to Enhance Papua New Guinea’s Access to Climate Finance”. This GCF Readiness project will be implemented for 18 months starting in August 2022, and consists of four main outputs:

(i)                   NDA capacity is strengthened in areas relevant to the objectives of the GCF such as project and programme development, accounting, oversight, planning and monitoring and evaluation processes.

(ii)                 Readiness needs assessment is conducted; report prepared and validated.

(iii)                National Climate Finance Strategy is developed.

(iv)                Quality concept note is prepared and submitted to the GCF.

OBJECTIVES OF THE ASSIGNMENT

Based on the guidance from GGGI’s Country Representative and the National Designated Authority which is CCDA, the Consultant will be mainly responsible for developing the National Climate Finance Strategy for PNG. Key activities and responsibilities include;

• Supporting the mapping and assessment of national and international sources of climate finance, with a focus on donors active in Papua New Guinea and the Pacific
• Support the NDA-CCDA to develop and formulate a Climate Finance Roundtable Meetings with International and Regional Accredited Entities and Development Partners in country.
• Develop a strategy to engage such sources (based on project type, size, duration, and the nature of financing sought);
• Translate how the strategy relates to PNG’s GCF Country Program, including estimated total climate finance required over a given timeframe;
• Synthesize and prepare the National Climate Finance Strategy Report.
• Support the work of other consultants on NDA capacity building as and when required.