The Economics, Policy and Governance (EPG) Department consists of a team of around 50 economists, political counsellors, analysts and support staff, organised in three main pillars: Sector Economics and Policy (SE&P); Country Economics & Policy (CE&P) and Governance and Political Affairs (GPA). EPG contributes to the operational, policy dialogue, governance and strategy work of the EBRD and provides intellectual leadership on the development of well-functioning market economies in the EBRDs region of operation, which comprises all countries in Emerging Europe and Central Asia, Mongolia, Turkey and, most recently Egypt, Jordan, Morocco and Tunisia (the COOs). EPG works closely with the Banking and other departments in EBRD in structuring, appraising and monitoring investment projects and pursuing policy dialogue opportunities that advance the transition to a market economy. EPG also provides intellectual leadership and contributes to the development of EBRD country and sector strategies and supports the Banks operations by monitoring political, governance and sectoral reform developments and risks in the EBRD COOs.
The Sector Economics and Policy (SE&P) pillar of the EPG Department is currently seeking to recruit a Principal Environmental Economist to support the deployment of the Bank´s recently adopted Green Economy Transition Approach (GET), which seeks to increase the total amount and impact of the EBRD´s climate finance operations through both investment and policy dialogue initiatives. GET encompasses a wide range of environmental areas notably energy, water and resource efficiency; climate change adaptation; pollution abatement and control; and environmental remediation- with a focus on investments carried out by the private sector and the use of public sector financing channels in areas such as public buildings. The GET team of economists in EPG supports the assessment of green projects that seek finance from the EBRD and is involved in some of the flagship GET policy dialogue activities of the EBRD, including on renewable and resource efficiency regulations, climate change adaptation policies at the country and sectoral level, and water efficiency and conservation strategies.
Incremental GET activity to scale investment will be driven by the following principles and drivers:
- a ramp up of existing activities through the recognition of physical impact of environmental investments and scale effects on systemic impact;
- enhanced innovation;
- a broadening of the environmental dimension, beyond climate change;
- an active use of private and public channels of transition impact within the Banks mandate constraints; and
- preparation of new country diagnostics and strategies and ATCs that set the context and rationale for GET investment.
Accountabilities & Responsibilities
The selected candidate will report to the Associate Director leading on GET issues and join the SE&P GET sector team in EPG. Key responsibilities and deliverables include:
- Engage with other EBRD teams that design, appraise and monitor selected investment projects with a view to increase their impact, with particular emphasis on GET-related aspects;
- Conduct in-depth economic and regulatory assessments that lead to the formulation of country and sectoral strategies of the Bank in the assigned GET sub-sectors or regions;
- Identify areas for policy reform and selectively participate in policy dialogue discussions/ initiatives, including carrying out structured engagement with governments and other national/regional/local authorities, as well as managing subcontractors and co-participants (e.g. other international institutions who participate in projects) where appropriate;
- Contribute to the establishment and implementation of a methodology that guides GET-related activities according to the Bank´s mandate to promote transition and a well-functioning and sustainable market economy, and which effectively supports the EBRD in scaling up its green economy activity to reach 40% of its total annual investment;
- Contribute to the GET content of EPGs Country Diagnostics Papers, which identifies key obstacles and solutions to greater GET financing, notably in climate and environmental finance and the use of both private and public financing channels;
- Represent the Bank in different external fora (e.g. conferences, dialogues with other international financial institutions, governments and regional authorities, think tanks, etc.);
- Ad hoc assignments as requested, including drafting of briefings, presentations, and speeches by the President or other members of senior management.
Knowledge, Skills, Experience & Qualifications
- A postgraduate degree in environmental economics or related field from a leading university. A PhD in environmental economics is an advantage;
- Prior significant working experience in projects assessment, and in economic and policy design and analysis in one or more of the following areas: (a) waste and resource efficiency; (b) eco-industries; (c) climate change mitigation and adaptation; (d) water efficiency; gained through full-time employment in consultancy, governmental or international institution, regulator, think tank or academia. This includes for example proven experience in the design and implementation of environmental programmes and investments; design and implementation of policies in environmental areas; assessment and monitoring of environmental policies and programmes; design and implementation of high-quality and innovative research in environmental-related topics;
- In-depth understanding of scientific, economic and political dimensions of environmental issues. Ability to apply those to the assessment of EBRD investment projects, and to guide authorities on the development of appropriate regulations and market mechanisms;
- Proven analytical and quantitative skills. Published research in the relevant fields is an advantage;
- Investment projects experience and ability to understand credit analysis is an advantage;
- Excellent written and oral communication skills in English. Knowledge of an additional language, which is spoken in EBRD countries of operation, is an advantage;
- Familiarity with the EBRD region of operations and the countries of Central, South Eastern Europe and the Baltics, particularly work or study experience in the region is an advantage.
Competencies & Personal Attributes
- Excellent interpersonal skills and ability to work effectively in teams as well as independently;
- Ability to plan and organise work unsupervised;
- Ability to work under pressure and meet tight deadlines;
- Good organisational and multi-tasking skills;
- Ability to operate in a multicultural environment and build effective working relationships with internal/external clients and colleagues;
- Willingness to travel extensively to EBRD countries of operation.
This job description is not limited to the responsibilities listed and the incumbent may be requested to perform other relevant duties as required by business needs.
Diversity is one of the Banks core values which are at the heart of everything it does. A diverse workforce with the right knowledge and skills enables connection with our clients, brings pioneering ideas, energy and innovation. The EBRD staff is characterised by its rich diversity of nationalities, cultures and opinions and we aim to sustain and build on this strength. As such, the EBRD seeks to ensure that everyone is treated with respect and given equal opportunities and works in an inclusive environment. The EBRD encourages all qualified candidates who are nationals of the EBRD member countries to apply regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities.