Principal - Global Clean Energy Transactions, Carbon-Free Electricity
Are you an experienced people leader with a passion for driving high impact outcomes and an ability to develop innovative solutions to complex problems? Have you worked in and/or closely with a development finance institution, successfully closed financing with a development finance institution for an infrastructure project in emerging markets? Can you navigate diverse stakeholder engagements and align partners around a common goal? If yes, then please consider joining RMI’s Accelerating Coal Phase-Out team.
RMI is seeking a Principal with deep experience and expertise financing international infrastructure projects to lead our engagement with public financial institutions, investors, and governments to accelerate coal phaseout globally.
Program and Initiative Overview
RMI is bringing the benefits of clean energy to all by transforming global power systems to support modern, low-carbon economies. Our Carbon-Free Electricity Program works across the electricity system to facilitate the transition away from coal-powered generation; slow the rush toward gas generation and wisely manage existing gas infrastructure, allowing for decommissioning where prudent; speed the deployment of clean, distributed, and customer-centric energy solutions; and transition utilities to be climate-aligned in their business models and operations. We work closely with utilities, regulators, businesses, advocates, and customers to evolve grid institutions, policies, regulations, and processes in support of the transition to a modern and inclusive low-carbon future. We employ a unique combination of research, consulting, and collaboration to support individuals and organizations to innovate and implement transformative energy solutions.
Within the Carbon-Free Electricity (CFE) program, our Accelerating Coal Phase-Out initiative, supports utilities, financial institutions, project sponsors, and policymakers to develop innovative financial approaches to speed the coal to clean transition. Building on years of work to support the development and implementation of financial tools such as rate-payer backed securitization in the United States, in 2020, the Initiative produced How to Retire Early: Making Accelerated Coal Phaseout Feasible and Just, a first-of-its kind analysis of nearly 2,500 coal plants to determine the cost competitiveness of the global coal fleet with respect to clean energy. This analysis also described RMI’s approach to reaching an effective, rapid coal phaseout, which focuses on the development of innovative financial approaches that simultaneously accelerate coal retirement, ramp-up clean energy investment, and support a just transition.
Building on this work, RMI is building a team to implement the solutions outlined in How to Retire Early that will 1) create opportunities for the successful development and financing of coal-phaseout projects through engagement and support of policymakers, public finance institutions, private investors, and developers and 2) advise and engage key stakeholders in high-priority coal-reliant countries on the policies and financial structures best suited to accelerate coal phase-out. This team will also continue to work on strengthening the economic analysis underlying these financial approaches.
Key Responsibilities, Experience, and Qualifications
RMI is seeking an exceptional principal to co-lead its Accelerating Coal Phaseout initiative. In this role you will focus on engagements with stakeholders globally, including jointly developed and implemented projects, coordinating diverse, multi-stakeholder collaborations, and developing innovative thought leadership such as reports and new financial models. You will also be responsible for managing a team of 4-6 people to assist in delivering initiative outcomes. As this program is led within RMI by the Carbon-Free Electricity Program but executed in close coordination with the Global South and Climate Finance Programs, you will lead the establishment of a highly integrated and matrixed team to accomplish the identified objectives. You will be one of the primary representatives of the initiative to external partners including utilities, public finance institutions, and national governments, and will be expected to represent the Carbon-Free Electricity Program and RMI at various events and conferences.
As a principal you will have the following key responsibilities
- Support the development and execution of the Accelerating Coal Phaseout strategy
- Provide direct management of 4-6 staff and a corresponding budget of ~$1.5M
- Scope engagements with public, multilateral finance institutions (e.g., Asian Development Bank, World Bank’s Climate Investment Funds, EIB, Export Credit Agencies, etc.) and private finance institutions (private equity funds, asset managers, etc.)
- Lead the team in developing analysis and working alongside developers, owners, financiers, and officials to ensure successful phase-out projects. to
- Structure and deliver compelling presentations and written products to bring new insights to the initiative’s target audiences
- Work hand-in-hand with our communications team to develop communications strategies.
- Act as a primary relationship manager for the initiative with external partners and stakeholders, primarily public and private financial institutions
- Represent RMI in external interviews, media, and publications
- Lead by example in leveraging RMI’s expertise through meaningful collaboration with other RMI programs
- Undergraduate degree and 10+ years of additional relevant experience in an applicable field such as business, finance, economics, or law
- 3+ years of experience as a team manager
- Experience working in or with international development financial institutions on programs or projects, preferably in emerging markets
- Experience with infrastructure projects in emerging markets that reached financial close, preferably power projects.
- Experience managing high performing teams in a project-based work environment
- Excellent writing and verbal communication skills
- Experience working with utilities and/or government policymakers in emerging markets
- Knowledge of the just transition movement, including policies developed to support a just transition as well as analyses on the costs of a just transition
- Knowledge of economic, technical, political, and communications issues specific to the utility industry, coal industry, and/or coal generation
- International work experience, particularly in Africa, China, India, and Southeast Asia
- Highly collaborative and a strong team player
- Experience managing complex and diverse groups, paired with the ability to lead and navigate challenging conversations
- Experience starting new endeavors or initiatives
This position will remain remote through the COVID-19 pandemic. Location is negotiable in alignment with the business needs of RMI’s Coal Phase-Out Initiative. Highly preferable that this role is based out of London, New York City, or Washington D.C. RMI has offices in Oakland, CA, Washington, D.C., New York City, Boulder, and Basalt, CO, Delhi, and Beijing. Location will be discussed as part of the interview process.
The starting salary range for this position is $145,500 - $157,000. This is dependent upon experience that will be discussed and vetted through the interview process. This position also includes an additional 20% bonus target!
We offer a comprehensive benefits package including:
- Medical, Dental, Vision Insurance
- 403b Retirement Options (5% match immediately)
- Generous PTO
- Learning & Development opportunities
- Parental leave
- Life, AD&D, Short Term and Long-Term Disability
- Commuter and Wellness Benefits
RMI is an Equal Opportunity Employer
Increasing the diversity of thought, perspectives, ideas, and opinions within RMI is a critical change element supporting our long-term sustainability and mission to build a clean, prosperous, and secure energy future.
We strive for a level of diversity that reflects the communities we serve. Achieving this—regardless of ability, race, ethnicity, ancestry, age, gender, sexual orientation, religion, veteran status, socioeconomic class, educational attainment, or other social identities—is critical to the success of each RMIer and collectively as an organization. This ensures that we:
- Have the different array of thinking that comes from diverse backgrounds and cultures, enabling us to solve some of the world’s greatest challenges.
- Strive for a culture of inclusion and belonging by treating others with dignity, respect and appreciation enabling them to feel welcomed, supported, and valued.
- Effectively connect, communicate, and build long-lasting relationships with decision makers, stakeholders and constituents within diverse communities.
RMI is an Equal Opportunity Employer.
RMI is an independent nonprofit founded in 1982 that transforms global energy systems through market-driven solutions to align with a 1.5°C future and secure a clean, prosperous, zero-carbon future for all. We work in the world’s most critical geographies and engage businesses, policymakers, communities, and NGOs to identify and scale energy system interventions that will cut greenhouse gas emissions at least 50 percent by 2030. RMI has offices in Basalt and Boulder, Colorado; New York City; Oakland, California; Washington, D.C.; and Beijing.