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Lead Economist
World Bank Group in the Washington, DC
 
 
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Date Posted 02/03/2020
Category
Science-Economics
Employment Type Full-time
Application Deadline 02/18/2020
 
 
 
 
 

Job #:

req5921

Organization:

World Bank

 

Sector:

Climate Change

Grade:

GH

Term Duration:

4 years 0 months

 

Recruitment Type:

International Recruitment

Location:

Washington, DC,United States

Required Language(s):

English

Preferred Language(s):

Closing Date:

2/18/2020 (MM/DD/YYYY) at 11:59pm UTC

Description

Do you want to build a career that is truly worthwhile? Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity and promoting sustainable development. With 189-member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. For more information, visit www.worldbank.org.

The WBG consists of five specialized institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). IBRD and IDA are commonly known as the World Bank, which is organized into six client-facing Regional Vice-Presidencies, several corporate functions, and – as of July 1, 2014 – has introduced fourteen Global Practices (GPs) as well as five Cross-Cutting Solution Areas (CCSAs) to bring best-in-class knowledge and solutions to regional and country clients.

The World Bank Group (WBG) is more committed than ever to helping countries meet the challenge of climate change. In fiscal year 2018, 32.1 percent of the WBG’s financing had climate co-benefits – already exceeding the target set in 2015 that 28 percent of its lending volume would be climate-related by 2020. This amounts to a record-setting $20.5 billion in climate-related finance delivered in the last fiscal year, which is the result of an institution-wide effort to mainstream climate considerations into all development projects. The WBG’s twin goals of ending extreme poverty and boosting shared prosperity cannot be achieved without tackling climate change.

The Climate Change Group (CCG) in the World Bank helps client countries recognize, prepare for, and address the risks that climate change poses. With CCG’s support, the Bank can mobilize the necessary public and private finance, provide technical assistance, and utilize its convening power to support countries in their transition to low-carbon, climate-resilient development pathways. The CCG also works across the Bank with GPs and Regions to ensure climate considerations are integrated in development planning and operational activities, enabling the institution to meet its objectives in this domain.

Accelerating climate mainstreaming within the WB requires developing a strong evidence base, in addition to analytical tools to support WB operations and engagements. Units across the CCG contribute to these objectives, for instance through the production and contribution to reports (e.g. Shock WavesGroundswellState and Trends of Carbon Pricing, Lifelines, and Fiscal Policies for Development and Climate Action) and other knowledge products (e.g. the Climate Change Knowledge Portal).

To further support climate mainstreaming, the CCG is hiring a lead economist, with a specialty on climate change mitigation policies, long-term decarbonization pathways (including the role of innovation, technologies, structural change, or infrastructure, and the role of and implication for the financial system and public finances).

The lead economist will lead the production of new, innovative knowledge products in the economics of climate mitigation; contribute to the design of long-term decarbonization strategy and translate them into short-term priorities that can be supported by World Bank operations; and will be contributing to the quality control on analytical work produced across CCG and the rest of the World Bank Group. In these activities, he will actively engage with others both within the World Bank Group (e.g. in the Energy or Transport GPs) and outside (e.g. in other IFIs, and academia) to support global sustainable development.

Examples of possible topics for future knowledge products in the team, on which the lead economist is expected to provide intellectual leadership, include:

  • Producing guidance (with country applications) for determining country-level long-term decarbonization strategies and translating them into short-term policy priorities to inform World Bank operations (especially policy operations).

  • Defining short-term policy recommendations to ensure the long-term decarbonization of the transport sector (looking at all modes and considering accessibility and competitiveness considerations) or the energy sector (looking for instance at energy market design).

  • The conditions and instruments needed to achieve a fair transition toward a zero-carbon future, considering the broader impact on inequality, the effect on specific populations (e.g. coal miners or fishermen), and the impact on spatial inequality (especially within urban areas);

  • Assessment of the impact of climate policies on macroeconomic frameworks and stress test of the financial systems to assess its vulnerability to climate policies and decarbonization; economic analysis of new or innovative climate instruments (e.g. output-based feebates, border tax adjustments, climate clubs);

  • The lead economist will also support selected projects to operationalize the analytical work within countries, with for instance country-level analyses using the tools and methodologies developed in global reports. The team is also involved in risk management, resilience, and adaptation, and – depending on the profile and context – the lead economist would be expected to contribute to this work.

About the Position:

To help support its new economic team’s efforts in climate research and analytics and to provide support to operational teams, the CCG seeks a lead economist with experience in the economics of climate change, with a focus on mitigation, long-term decarbonization (with a focus either on long-term scenarios or on financial implications). The selected candidate will provide intellectual leadership on economic analysis and modelling to support the CCG and the World Bank Group in the mainstreaming of climate change mitigation into its operations and analytics.

Duties and Accountabilities:

  • Lead and provide intellectual guidance on cutting-edge economic research and flagship reports, including contributing towards economic analysis of long-term decarbonization, climate policy packages, and/or financial implications, to support client counties in achieving sustainable and resilient development.

  • Lead cooperation with relevant Global Practices (GPs) across the WBG and external experts to develop tools and methods to design short- and long-term mitigation strategies for sectors and countries, including through fiscal policies and cross-sectoral strategies geared towards effective climate action.

  • Play a major role in strategic dialogues with governments on their long-term decarbonization pathways.

  • Work with relevant GPs and external experts to embed climate considerations into the WBG’s country engagement, including through the SCDs, CPFs, other economic analyses conducted by WBG, or through the preparation of guidance notes to support teams.

  • Support project teams on a case-by-case basis to ensure that the research developed within and outside the WBG is applied operationally and to learn from the piloting and implementation.

  • Mentor younger economists in the CCG and provide intellectual and technical guidance to other economists leading analytic studies.

 

Selection Criteria

 

  • PhD in economics or econometrics, development, environment or energy economics, or an equivalently relevant discipline, and at least 12 years of professional experience.

  • A track record of policy relevant analytical work, demonstrated by publications (peer-reviewed journals or books) or reports, and experience with policy dialogue.

  • Deep knowledge on the economics of climate change (and/or energy economics, development economics or urban economics); long-term climate change mitigation scenarios (e.g., IPCC SSP/RCP modeling, 2050 Pathways).

  • Experience with economic models (IAMs, CGEs, macro-structural models, or agent-based models), financial models, or econometrics approaches (Python, Stata). Experience with technology-explicit models and in using large scenario databases and methodologies (e.g., robust decision-making, scenario elicitation techniques) are a plus.

  • Strong communication skills, including the ability to write quickly and concisely on a variety of topics in a well-structured manner.

  • Excellent command of the English language, both written and spoken.

  • Interpersonal, diplomatic and partnership skills for building and maintaining collaborative relationships with stakeholders.

  • A proven ability to work flexibly on a range of assignments, adjust to changes in schedule and priorities, and juggle concurrent tasks effectively and efficiently.

WBG Core Competencies:

  • In addition to the above, the successful candidate is expected to demonstrate the following competencies:

  • Contributes new insights to understand situations and develops solutions to resolve complex problems.

  • Adds value by constantly looking for a better way to get more impactful results; sets challenging stretch goals for oneself.

  • Appropriately involves others in decision making and communicates with key stakeholders.

  • Actively seeks and considers diverse ideas and approaches displaying a sense of mutuality and respect.

  • Identifies and pursues innovative approaches to resolve issues.

  • Leverages Climate Change Group’s expertise and body of knowledge across the WBG to strengthen internal and/or external client solutions.

  • Builds personal and professional networks inside and outside the department and unit.

  • Applies critical thinking and seeks inputs and experience from others to recommend a course of action consistent with the WBG’s strategy.

  • Evaluates risk and anticipates the short and long-term implications of decisions.

  • Commits to a decision and takes action once a decision has been reached.

Poverty has no borders, neither does excellence. We succeed because of our differences and we continuously search for qualified individuals with diverse backgrounds from around the globe.

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