EBRD recruiting Lead Implementation Expert
Regional, 20 February 2017
Background and Project Description
The European Bank for Reconstruction and Development (EBRD or the Bank) has developed a unique track-record of working with local partner banks in its Countries of Operations to build up their capacity to identify and finance energy efficiency (EE) measures and projects. In the past 12 years, the EBRD has worked with 120 local financial institutions in 25 countries, enabling them to support thousands of energy efficiency and renewable energy projects.
The Global Environment Facility (GEF) has endorsed a knowledge sharing initiative aimed at transferring this EBRD expertise to banks from China, India and Brazil ("the three countries"). These are large emerging economies set to play a crucial role in addressing the global climate change challenge.
The same barriers to greater investment in EE exist in the three countries, as those addressed by the EBRD via its work with banks in its Countries of Operations. Namely:
the lack of information to support decisions to invest in EE based on clearly articulating the returns from optimising energy use;
the lack of services to standardise such "translation" of technical benefits for EE measures of relatively small size which are usually part of larger investment packages; and
the lack of these services and of dedicated finance lines targeted at streamlining EE within local banks which have extensive local networks of clients.
The EBRD addresses these barriers by supplementing the capacity of banks to integrate attention to EE opportunities into their existing origination and appraisal processes. For instance, this can refer to "adding-on" financially-sound EE measures into larger capex support packages for corporates, or to focus retail or consumer lending on higher efficiency products. The model does not rely on third-party or off-balance sheet financing.
The knowledge sharing initiative conducted with GEF support aims to share some elements of this expertise with banks in the three countries. The initiative is purely dialogue-based, unlike the work with banks in the EBRD Countries of Operations where financing facilities combine both technical assistance and financing.
The Bank now intends to engage a Lead Implementation Expert (the Consultant) to work alongside the Energy Efficiency and Climate Change team at EBRD to plan the rollout of the initiative, conduct missions in the three countries to engage interested banks and advise banks on adopting some of the EBRD experiences (the Assignment). The role will also involve liaising with multilateral partners and national stakeholders.
The overall objective of the Assignment is to design, oversee and deliver the transfer of EBRD EE financing expertise to banks and institutional partners from the three countries.
The Consultant is expected to undertake the following main tasks:
Lead missions to engage banks in each of the three countries. The Lead Expert may be required to identify, establish links and organise events with local organisations able to facilitate the engagement of local banks (e.g. financial /EE regulatory bodies, state-owned banks, regional IFIs, etc).
Advise committed banks on how to develop their EE financing capacities, by drawing on EBRD's experience. The Lead Expert will provide targeted, short-term support to some of the banks in setting up EE-focused business processes.
Specific areas of advice /knowledge transfer may include:
Process-mapping how EE financing can become a business priority (define financing products, target clients, performance targets, staffing, etc.);
Training material for banks' staff to up-sell EE financing;
Advising banks on marketing strategies to raise awareness of their EE financing products;
Procedures to screen banks' pipeline of deals for opportunities to up-sell financing based on EE potential (for instance energy-intensive clients);
Process to deploy energy use auditing services to recommend customised investment plans for larger-scale EE investment opportunities;
System for banks' staff to up-sell higher-value purchase options based on pre-defined lists of high efficiency equipment, materials and suppliers;
Simple systems to track and report the additional EE financing and the its estimated climate impact (greenhouse gas emission reductions);
Advice on identifying and using concessional or grant funding opportunities to support the extra costs of scaling up EE financing;
Potential experience exchange assignments.
Such work should be expected to lead to new financing by the banks. Projects thus financed will yield climate impact results (i.e. estimated CO2 emission reductions from energy saved) to be reported at the level of the initiative within 2 years of engaging the banks.
Under the guidance of the EBRD, facilitate knowledge sharing dialogue with multilateral and/or national institutional stakeholders with the aim of showcasing the initiative and its results.
It is expected that the Consultant shall be based full time at the Bank's Headquarters in London during the Assignment period.
View the ECN Subcontracting Notice (This notice is visible only to ECN Executive and Expert Members: Please login to view).