HQ: CARBON TRANSACTION FACILITY (CTF) INTERN

The Global Green Growth Institute internship program provides a unique learning opportunity for students and recent graduates from diverse academic backgrounds. The program is designed for talented and motivated individuals skilled in areas relevant to GGGI’s operations. The program allows selected candidates to gain insight into the work of the Institute and provides assistance and training in various professional fields in a multicultural environment. We encourage qualified young professionals with diverse academic and cultural backgrounds to apply. 

 

INTERNSHIP BACKGROUND

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 Pricing Unit (CPU) 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.

The Carbon Transaction Facility (CTF) is expected to be launched in October 2024 and will be the main delivery vehicle for GGGI’s Article 6 support to its’ member and partner countries. It will be a collection of single and multi-donor funds aimed at further developing and scaling up Article 6-based carbon markets. The CTF will not only support the readiness of countries to participate in Article 6 cooperative approaches through a learning-by-doing approach, but also enable transactions of Article 6 compliant Mitigation Outcomes, also known as ITMOs. GGGI will act as trust fund manager for all trust funds within the CTF. CTF participants are sovereign parties looking to support potential seller countries in readiness. Several fund participants also seek to purchase ITMOs for meeting their own NDC or for higher ambition purposes such as carbon neutrality targets.

 

CURRENT OPPORTUNITY

We are looking for a talented and motivated individual to work with us in the Carbon Pricing Unit (CPU) in Seoul HQ to support the startup of the Carbon Transaction Facility.

The assignment will include the following but not limited to assisting the Deputy Head of Carbon Pricing Unit in:

• Conducting research related to Article 6 and international carbon market development in GGGI member states, partner countries and globally.
• Supporting CPU technical staff to review documents and conduct relevant research for Rapid Article 6 Readiness Needs Assessments for technical assistance design in priority countries.
• Supporting the organization of virtual and in-person knowledge exchange events related to Carbon Pricing Unit activities.
• Support CPU staff to coordinate with country and regional teams and to develop outputs in earmarked funded projects.
• Organizing, version controlling & archiving documents in a systematic manner.
• Attending relevant meetings, drafting minutes, and ensuring timely clearance and distribution.
• The intern will belong to a diverse and professional environment and will benefit from mentorship, development of challenging professional tasks and daily basis interaction with other colleagues.

 

ELIGIBILITY                                                          

 Applicants to the GGGI internship program must meet the following requirements:

• Be enrolled in a Bachelor’s (final year), Master’s or PhD program prior to internship assignment, or a recent graduate within the last 12 months.
• Be engaged or recently engaged in academic study in a field directly related to the Institute’s work.
• Enthusiasm towards finding creative and long-lasting solutions to reduce climate change challenges.
• Possess an excellent command of English.

 

QUALIFICATION

• Background in sustainability, environmental engineering, environmental economics, policy, or environmental law.
• Understanding of the global climate crisis, global climate agreements (e.g., Paris Agreement) and the role of economic instruments to reduce it.
• Academic, work, or personal experience of translating difficult technical concepts into understandable knowledge materials.
• Ability to quickly understand complex issues, ready to anticipate and provide necessary support to the team leader and those who need support.
• Creativity and initiative applied to knowledge sharing.
• Strong command of written English (native level).
• Able to work effectively with other teams of a high degree of cultural/professional diversity.

 

SELECTION PROCESS

• GGGI evaluates applications based on eligibility requirements, relevance of academic study and work experience (if any); and the level of interest and motivation to contribute to development work.
• Due to the high volume of applications, only shortlisted candidates will be contacted.
• Applications submitted after the deadline will not be considered.

 

TERMS AND CONDITIONS

Duration: The internship program is for six months. Once selected, interns must begin the internship either prior to or within 12 months of graduation. 

Stipend: GGGI interns receive a monthly stipend of USD$500 per month. All costs related to travel, insurance, accommodation, and living expenses must be borne by either the interns or their sponsoring institutions.  

Visa: GGGI will provide a supporting letter for visa. Interns will be responsible for obtaining and financing the necessary visas.  

Travel: Intern will arrange and finance their travel to the internship location.  

Medical Insurance: Interns must present proof of valid medical insurance to GGGI upon returning the signed internship contract.

Confidentiality: Interns must keep confidential all unpublished information obtained during the internship and may not publish any documents based on such information.  

Academic Credit: Interns may get academic credit from their institution of higher education for the internship. Interns need to check with their university to confirm their academic credit policy for internships.  

Working Hours: Interns are expected to work during normal working hours. Leave should be pre-approved by the Intern Manager, and the latter should inform the Office of HR accordingly.

Learning Outcomes: Before completion of the internship, Intern Managers are expected to review the learning outcomes with the intern.

Certificate: Provided upon successful completion of the internship, upon request.

Child protection – GGGI is committed to child protection, irrespective of whether any specific area of work involves direct contact with children. GGGI’s Child Protection Policy is written in accordance with the Convention on the Rights of the Child.