International Consultant PAGE Morocco Finance and Climate Risk

Result of Service

The consultant’s services will result in the development of a methodological and institutional framework for integrating climate risk assessment and management into national investment and financing processes, in line with Morocco’s climate and sustainable development objectives. This will include a diagnostic study and review of international and national best practices and lessons learned relevant to Morocco’s financial ecosystem, a report proposing practical approaches for integrating climate risks into investment evaluation, and the design and delivery of training sessions for government and financial institution representatives. The methodology will be tested through a pilot application with the Mohammed VI Fund for Investment (FM6I), serving as a demonstration case for future replication across other national financial entities. The international consultant will work in close collaboration with a national consultant, also recruited by UNEP, to ensure alignment with national policies and institutions throughout the mission. The consultant’s work will contribute to the implementation of PAGE in Morocco and support UNEP’s “Nature”, “Biodiversity”, and “Finance and Economic Transformation” programmes by strengthening the enabling environment for green and climate-resilient finance.

Duties and Responsibilities

UNEP is the voice of the environment within the United Nations system. UNEP acts as a catalyst, advocate, educator and facilitator to promote the sound use of the environment and sustainable development. Located within the Industry and Economy Division, the Economics and Finance Branch examines how the economy, trade and finance interact with the environment and contribute to sustainable development at the local, national, regional and global levels. Based in Geneva, the Division leads the Green Economy Initiative to help countries integrate environmental considerations into their economic and trade policies. The Economic and Fiscal Policy Unit (EFPU), under the Economics and Finance Branch of UNEP’s Industry and Economy Division, supports countries in advancing sustainable finance frameworks and economic policy reforms aligned with climate, nature, and pollution objectives. Under the Partnership for Action on Green Economy (PAGE), UNEP provides technical assistance to governments to strengthen green fiscal policy, sustainable finance instruments, and enabling frameworks for economic transformation. The objective of this assignment is to support the Government of Morocco in developing a systematic approach for assessing and managing climate risks within national investment and financing strategies, starting with the Mohammed VI Fund for Investment (FM6I) as a pilot case. The international consultant will provide scientific, analytical and international benchmarking support to the project to generate actionable evidence and tools to strengthen Morocco’s capacity to integrate climate risks into investment decisions.

In particular, the project’s objectives include:

• Develop a methodological framework for the systematic assessment of the two dimensions of climate risks, including a modelling methodology and monitoring indicators
• Formulate recommendations to integrate climate considerations into investment processes
• Strengthen the Fund's internal capacity in climate risk analysis
• In the long term, position the FM6I as a potential actor for accreditation to the UNFCCC financial mechanism: GCF (Green Climate Fund) and the Adaptation Fund (AF).

Specific tasks and responsibilities:

• A review of good practices and lessons learned at the international level relevant to the integration of climate risks by the Government of Morocco and specifically by FM6I. The diagnostic study will explore the relevance of integrating into the methodology the notion of loss and damage associated with climate change already felt.
• Review of the draft diagnostic study and good practices and lessons learned at the national level prepared by the national consultant (modifications and comments).
• A methodology for systematically assessing and managing the different dimensions of climate risks in the FM6I investment portfolio, directly applicable to strengthen its ESG strategy. In line with the recommendations of the PRI, this methodology may address the following points (to be adjusted at the inception meeting)
• Organize, in collaboration with the national consultant, the training for FM6I staff on the subject of climate risk integration.

Qualifications/special skills

• Master's degree or higher in finance, economics, social and environmental corporate responsibility, climate science, or related field.
• In-depth knowledge of climate risk assessment and climate finance mechanisms is required.
• Professional experience in producing relevant analysis for the financial sector, and particularly for institutional investors.
• Experience in working with governments or public financial institutions on sustainable finance, climate risk, or ESG frameworks.
• Experience in the design and delivery of customized training and advice on the topic of climate risks.
• Ability to translate technical financial and climate risk analysis into policy-relevant recommendations for public institutions.
• Strong analytical and research skills, with the ability to synthesize complex information and generate actionable insights.
• A commitment to the principles and goals of sustainable development.

Languages

English and French are the working languages of the United Nations Secretariat. Arabic and Moroccan Berber are the official languages of the Kingdom of Morocco. For the position advertised, fluency in English, both oral and written is required. Knowledge of French and Arabic is considered an asset.