Natural Capital Economist

Natural Capital Economist, Global Green Growth Initiative (GGGI)




Republic of Korea




The Natural Capital Economist will conduct environmental economic valuations for sustainable landscapes assessments and pre-feasibility studies of Sustainable Landscapes project pipelines based on an appropriate and relevant set of indicators. The assessments must pay particular attention to monetize hidden costs and lost income opportunities related to depleted natural capital, land degradation, reduced yield over the longer term as well as the importance of empowered community enterprises/MSMEs benefiting local and national economies reducing challenges and risks during project implementation.

The Global Green Growth Institute (GGGI), with headquarters in Seoul, is an intergovernmental organization founded to support and promote a model of economic growth known as “green growth”, which targets key aspects of economic performance such a poverty reduction, job creation, social inclusion, and environmental sustainability. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and private sector to help build economies that grow strongly and are more efficient and sustainable in the use of natural resources, less carbon intensive, sustain and restore natural capital to become more resilient to climate change.

GGGI has a diverse portfolio of programs in developing countries around the world focused on four thematic areas: Sustainable Energy, Green Cities, Water & Sanitation and Sustainable Landscapes. These programs, together with global products and services, focus on delivering results through an integrated approach of evidence-based green growth planning and implementation aligned to countries’ development priorities. The organization also focuses on knowledge development and management activities which build a strong theoretical and empirical basis for green growth, while providing concrete options and guidance for policymakers; as well as building the conditions for public and private green infrastructure investments.

The Sustainable Landscape Unit, within the Investment and Policy Solutions Division (IPSD), is hiring an Economist with strong background in natural capital and natural resource management, to conduct project level environmental economic valuation for sustainable landscapes assessment and pre-feasibility analysis, emphasizing on natural capital valuation and economic feasibility of sustainable bioeconomy especially bio-based products in rural sectors, their dependency on healthy natural systems and landscape level restoration.

The position will be part of a broader team to refine an economic and financial tool which supports financial decision makers in better understanding financial, social, and natural capital returns on investment derived from green and inclusive interventions embedded in project’s business models. This will help the identification of appropriate financiers based on their risk/return profiles. The position is expected to have sharp policy and economic insights on multi-disciplinary and cross sectoral issues related to the dependency of natural capital (both stocks and flows of ecosystem services) to the economy, especially relevant to sustainable bioeconomy supply chains in rural sectors. The economist is expected to be familiar with the Natural Capital Protocol and SEEA Central Framework that measures natural capital and its relationship to the economy and have experience in natural capital relevant baseline assessments and cost-benefit analyses which integrates natural capital indicators in its methodology. The economist is expected to be entrepreneurial and innovative with experience working in the private sector. The economist shall work with GGGI county teams to devise policy and investment recommendations for natural capital integration into economic and business decision making which contribute to adaptation, mitigation, land restoration & biodiversity targets and the delivery of multiple SDGs.