Individual Consultant, Sustainable and Energy Finance

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.

**PROJECT BACKGROUND**:
Mexico’s development priorities have evolved in the context of global and domestic changes, resulting in a significant push to transform the public life to achieve a greater benefit for all. This intent is ingrained in the National Development Plan 2019-2024, which serves as an umbrella for sectoral and institutional plans and a key tool for cooperation fostering inclusive development. The goal of its political, social, and economic pillars is to bring the nation toward prosperity, security, sustainability; thus, green growth and a low-carbon society are key development objectives for the country.

Over the last decade, the Global Green Growth Institute has consolidated its role as a trusted advisor to Mexico’s federal and subnational governments, actively working collaboratively with key counterparts to establish a strong green growth foundation in the country. In 2014, the Mexican Senate ratified the Agreement for the Establishment of GGGI, which signals Mexico’s commitment to green growth and its recognition of the shared value of this development paradigm in cooperation with GGGI. In 2021, the Country Agreement between GGGI and Mexico was signed between the Mexican Foreign Affairs Secretariat and GGGI; hence, formally recognizing GGGI as one of the country’s key partnering international intergovernmental organizations.

Since 2021, GGGI, as implementing partner for the UK Partnering for Accelerated Climate Transitions (UKPACT) of the British Embassy, has supported public financial entities in designing and implementing policies and regulations to promote sustainability in the financial sector, as well as in the development of financial instruments to mobilize sustainable financing. Specifically, the activities supported by GGGI have focused on promoting the adoption of sustainable taxonomy in financial entities.

Following the experience working with financial mechanisms and instruments, GGGI, with the support of the UKPACT program, will provide technical assistance to the Ministry of Energy in strengthening the Energy Funds managed by the Ministry, including the evaluation of the potential alignment of energy projects with the Sustainable Taxonomy.

**OBJECTIVES OF THE ASSIGNMENT**:
The Sustainable and Energy Finance Consultant will support GGGI-Mexico in providing technical assistance to the Ministry of Energy in developing strategic documents related to the evaluation and strengthening of the Energy Trust Funds.

**SCOPE OF WORK**:
The Consultant will carry out at least the following activities:

- Elaborate an Assessment of Opportunities for Mexico’s Energy Trust Funds, including but not limited to their financial operations, impacts on sustainable energy, governance mechanisms, and the potential alignment with the Sustainable Taxonomy criteria.
- Design and support the implementation of an ad-hoc Transparency Framework for the Energy Trust Funds, including defining a comprehensive indicator set aligned with the climate and sustainable energy targets and national commitments.
- Engage with relevant stakeholders through interviews and meetings to gather information on the Energy Funds' functioning and areas for improvement.
- Develop a catalogue of alternative national and international financing sources for sustainable energy projects.
- Develop recommendations report to improve the current financing and refinancing mechanisms of Energy Trust Funds and support their implementation.
- Summarize, organize and analyze the collected information to be presented in working documents, such as notes and PowerPoint presentations, to support strategic communication with counterparts.
- Assist in organizing socialization and capacity-building sessions with relevant stakeholders on improving Energy Trust Funds and the Sustainable Taxonomy.

Main topics to be supported:

- Assessing and strengthening Energy Funds managed by the Ministry of Energy to provide strategic improvement recommendations and support their implementation.

**DELIVERBALES AND PAYMENT SCHEDULE**:
The expected outputs are the following:
(1) Work Plan: A work plan showcasing the products to be developed by the consultant, detailing the activities to be conducted, and the timeline for deliverables.

(2) Assessment of Opportunity Areas for Mexico’s Energy Trust Funds: The assessment aims to identify the primary barriers and opportunities for improving Mexico’s Energy Trust Funds. The consultant will ensure that the assessment should at least cover the following areas:

- Financial support: Measure the resources allocated to susta