Terms of Reference 
                                                                          Long Term Adviser 
                           
                                                                    Natural Resources Economist 
                           
                                                                       1
                            National Remuneration Framework:                         Discipline Group C, Job Level 2/3 
                            Counterparts:                                            Prospera  Thematic  Areas  and  various  GoI 
                                                                                     counterparts  
                            Work Location:                                           Jakarta, Indonesia 
                            Reports to:                                              Senior Coordinator – Macro, Fiscal, and Financial 
                                                                                     Stability   (Economics,  Finance,  and  Inclusion 
                                                                                     Thematic Area) 
                            Duration of inputs:                                      May  2021,  full  time,  initial  one-year  contract, 
                                                                                     renewable following good performance  
                            Budget Source (AP# & Description)                        AP 2.3.1 Macro, Fiscal, and Financial Stability 
                           
                                                                  Summary of Expertise Required 
                                                                                      
                          Prospera seeks to engage an experienced economist specializing in natural resources to render 
                          technical services to the work program and build Prospera’s engagement in the area of natural 
                          resources policy and economic development. The economist is expected to bring knowledge and 
                          provide  analytical  support  to  GoI  counterparts  in  this  area.  The  economist  should  have  some 
                          experience in environmental economics and policy analysis, and preferably in one or more of the 
                          following  areas:  climate  change  actions,  emission  trade,  green  financial  instruments,  renewable 
                          energy  transition,  and  natural  resources  accounting.  Knowledge  around  multilateral  climate 
                          agreements is a plus. 
                           
                           
                          Background 
                          The  unprecedented  emergence of COVID19  and its resulting turmoil  have prompted  the  global 
                          awareness of the economy’s dependence to nature. Daily economic activities were halted for months 
                          on end due to the pandemic. This can happen again in the future with the looming climate crisis. 
                          Unless conventional economic activities are significantly changed, the global community will struggle 
                          to maintain balance with nature and economic prosperity. It is high time for governments to enact 
                          sustainable development principles in mainstream economic policies. 
                          There have been movements worldwide to ensure that economic growth is reached sustainably, but 
                          these are still insufficient. Corporations starts to adopt of ESG (Environment, Social, Governance) 
                          Principles in businesses. Government and private sectors alike pledge to fund green projects or obtain 
                          financing sustainably through various green financial instruments. However, these measures will not 
                          be enough if sustainability is not adopted in production processes and household activities.  From 
                          something as universally utilized as energy and electricity, countries worldwide have yet to ensure 
                          their energy generation to be as clean as possible. IEA accounted that almost 60% of electricity 
                                                                 
                          1
                            To be negotiated with the preferred candidate based on skills and experience and within funding limits. 
                          Prospera is supported by the Australian Government and implemented by Cardno                                           
                              
                             generated worldwide in 2020 is still coal and gas powered. Significant transition to more sustainable 
                             energy sources is crucial to reaching growth more sustainably.  
                             Indonesia is currently in the spotlight of global sustainability scene due to its vast natural facilities and 
                             resources. Even without considering its natural capitals, Indonesia is a major global voice due to its 
                             sheer size alone. OECD predicted that the country will be the fourth largest economy by 2045 with 
                             70% of its population reaching productive age by 2030. This coupled with having the third largest 
                             tropical forest in the world and plenty of carbon sequestration facilities puts Indonesia in the spotlight 
                             of the global climate campaign. As of 2021, Indonesia is co-chairing the Coalition of Finance Minister 
                             for Climate Action and is set to chair the G20 in 2022. Indonesia has also issued various green financial 
                             instruments and is considering the issuance of many more, including the rainforest bond—the second 
                             of its kind in the world after Costa Rica. These leadership roles will set eyes on Indonesian domestic 
                             sustainability policies and practices. It is crucial that Indonesia lead by example.   
                             Aside from green financial instruments, Indonesia is also looking to join the global climate action 
                             through its participation in the carbon market as mandated in article six of the Paris Agreement. The 
                             market is aimed to ease the cost of emission reduction and to further prove that economic welfare is 
                             not mutually exclusive with sustainability. To achieve these goals, clear accounting of the costs of 
                             carbon and sequestration facilities are required to avoid undervaluing emission efforts. Indonesian 
                             Ministry  of  Environment  and  Forestry  is  currently  working  on  a  regulation  regarding  domestic 
                             emission-trading system. Should all go well, Indonesia is set to reduce 30% of its emission by 2030.   
                              
                             Prospera  seeks  to  assist  the  Indonesian  government  in  achieving  its  climate  commitments  and 
                             manifesting its role as one of the leading voices in global climate action. This includes examining and 
                             providing advice to close the current gap in Indonesia’s green economy and climate change initiatives 
                             including green financial instruments and emission-trading system. Furthermore, the economist will 
                             help developing Prospera work program that can be used to further advise the Indonesian government 
                             on the matter.  
                              
                             Scope of Services 
                             The key roles and responsibilities of the position are to provide the following: 
                                  1.  Provide technical support to Prospera thematic area to identify and bridge environmental 
                                        and climate goals to be adopted in mainstream public policy and economic analysis. 
                                  2.  Provide analysis to identify Prospera’s role and contribution in Indonesian Sustainable 
                                        Development policy landscape. 
                                  3.  Develop strategic and high policy impact activities including conducting and/or overseeing 
                                        analytical exercises.  
                                  4.  Support Government of Indonesia’s team in international climate forums. 
                                  5.  Provide expert input as required to support the overall management of Prospera, including 
                                        maintaining an overview of contemporary environmental economic issues and policy 
                                        development in Indonesia. 
                                  6.  Prepare presentation/report/brief of the environmental economic analysis/policy 
                                        assessment as required by Prospera Senior Coordinator(s) and Lead Adviser. 
                                  7.  Coordinate with and undertake activities with other development partners related to 
                                        economic governance of natural resources. 
                                         
                                         
                             Prospera is supported by the Australian Government and implemented by Cardno                                                        
                          
                         Output/Deliverables 
                         The position  is  expected to  deliver  the  following  outputs  over  the  term  of  the  contract  to  the 
                         satisfaction of PROSPERA Lead Adviser: 
                             1.  Economic and policy analysis/research of topics relating to Prospera core areas (e.g., macro-
                                  economic developments and inclusive growth, the financial sector, markets development, 
                                  budget policy issues, etc.) and their relation or impact with climate, natural resources 
                                  management, and the environment. 
                             2.  Reports, presentations, and briefing notes in response to requests from the Government of 
                                  Indonesia and other counterparts, 
                             3.  Workshop/training sessions as requested by counterparts, including developing a training 
                                  program for counterpart to achieve the policy outcome 
                             4.  Maintenance and analysis of data and regulations, and regular reporting on activity status 
                                  and progress. 
                          
                         In addition to these formal deliverables, the position is expected to regularly communicate with the 
                         PROSPERA Thematic Area on progress and seek input where required. 
                          
                         Selection Criteria – Qualifications and Experience 
                         The candidate will possess strong qualifications and experience to support (technical area) and policy 
                         making processes, including: 
                                 Tertiary qualifications in environmental economics (economics / public policy with natural 
                                  resources  specialisation  or  experience  is  also  acceptable).  Post-graduate  qualification  is 
                                  preferred.  
                                 Minimum of 5 years’ professional experience working on environmental economic policies 
                                  preferably in one or more of the following areas: climate change actions, emission trade, 
                                  green financial instruments, renewable energy transition, and natural resources accounting. 
                                 Knowledge  and  experience  working  on  the  Indonesian  economy,  with  Indonesian  and 
                                  international policymakers.  
                                 Knowledge around multilateral climate agreements. 
                                 Excellent written communication skills with fluency in Bahasa Indonesia and English (both 
                                  written and oral), including advocacy and presentation skills.  
                                   
                         Overview of Work Unit 
                         The  Economic,  Finance,  and  Inclusion  (EFI)  Engagement  Area  works  across  Prospera’s  three 
                         breakthrough areas. EFI’s activities range from addressing the analytic needs of engagement areas, 
                         responding to new and emerging policy issues, and framing policy issues. EFI provides an in-house 
                         policy analysis capacity working in tandem with other thematic areas to ensure high quality and 
                         effective support to the Government of Indonesia counterparts and the overall Prospera program. EFI 
                         also provides just in time policy analysis that government partners highly value. There are three main 
                         workstreams within EFI: 
                                 Macro, fiscal, and financial stability 
                                 Private sector development and inclusion 
                                 Financial sector development and inclusion 
                          
                          
                         Prospera is supported by the Australian Government and implemented by Cardno                                    
                          
                         Relationship Management 
                         The position will report to Prospera Senior Coordinator – Macro, Fiscal, and Financial Stability and will 
                         be expected to work closely and maintain effective and productive relationships with EFI team and 
                         other teams in Prospera.  
                          
                         Overview of PROSPERA 
                         PROSPERA is a partnership facility between the Government of Australia (through Department of 
                         Foreign Affairs and Trade) and the Government of Indonesia. It aims to foster strong, sustainable, and 
                         inclusive economic growth in Indonesia. Commencing from 1 March 2018, PROSPERA is a planned five-
                         year investment.  
                          
                         Prospera aims to achieve three outcomes:  
                                 Expanding markets, creating jobs – this includes effective regulation for private sector growth; 
                                  improving prospects for trade and investment and; safe and efficient transport to move 
                                  people and goods. 
                                 Safeguarding economic and financial stability – this includes macro and financial stability; 
                                  effective supervision and regulation of the financial sector; and strengthened financial market 
                                  integrity. 
                                 Improving public finances and government performance – this includes more effective tax 
                                  administration and policy as well as sound public spending and budget systems. 
                          
                         The following standard requirements apply for all PROSPERA team members: 
                           Confidentiality                                        Conflict of Interest 
                           Due  to  the  sensitivity  of  much  of  the  The  team  member  will  use  her/his  best 
                           information the position will encounter, there is  endeavours to ensure that a situation does not 
                           an  obligation,  pursuant  to  the  contract  of  arise which may result in a conflict of interest. 
                           engagement to maintain full confidentiality of  Where  a  conflict  of  interest  or  a  potential 
                           information  and  to  not  disclose  this  to  third   conflict of interest arises in the performance of 
                           parties without the express written approval of  the obligations under this Terms of Reference, 
                           PROSPERA.  In  some  cases,  a  separate  the team member must immediately notify the 
                           confidentiality  agreement  may  be  required  Chief of Operations 
                           authorising the review of sensitive material. 
                           Knowledge and Performance                              Diversity and Inclusion 
                           The  team  member  will  support  PROSPERA’s  PROSPERA  recognises  the  importance  of 
                           Knowledge  and  Performance  team  through  embracing  workplace  diversity,  specifically 
                           reporting  and  communication  products  for  valuing the unique qualities, attributes, skills, 
                           knowledge capture and learning purposes. The  and  experience  all  employees  bring  to  the 
                           team member will also support monitoring and  workplace.              PROSPERA  is  committed  to 
                           evaluation through the supply of high quality  supporting a positive work environment based 
                           data, participation in data collection methods  on respect. These values should be reflected in 
                           and case studies that may arise from the inputs.  the  function  and  behaviour  of  all  team 
                                                                                  members. 
                           Code of Conduct                                        Policy Compliance 
                           The team member is to conduct themselves in a  The team member will work within Department 
                           manner consistent with the Public Service Act  of  Foreign  Affairs  and  Trade  policy  and 
                         Prospera is supported by the Australian Government and implemented by Cardno