Vikram Widge is Senior Advisor at Climate Policy Initiative where he guides financial aspects of CPI’s analytical work. With over three decades of leadership experience in climate and development finance, Vikram specializes in bridging public finance with capital markets and investors to drive a transformation to a low-carbon, climate-resilient future.
Before this, Vikram was at the International Finance Corporation for 25 years where he directed market-leading work on innovative finance, green bond standards, carbon pricing and markets, and climate risk and adaptation. In the early 2000s, he built IFC’s carbon finance business, which ultimately had $250+ million under management, and from 2014-2016 directed the World Bank Group’s carbon markets business with USD 3+ billion under management. For his contributions to market-based solutions, Vikram was recognized as an Honorary Fellow by IETA.
Throughout his career, Vikram has prioritized delivering innovative financial solutions that address sustainable development challenges. Among others, these include the Breathe Better Bond endorsed by the Global Innovation Lab for Climate Finance in 2019; an African cookstoves financing facility that won the 2018 IFC Corporate Award; the $152 million inaugural Forests Bond recognized by Environmental Finance magazine as the 2017 Sustainable Forestry Deal of the Year; and the $50 million Pilot Auction Facility designed to maximize climate benefits via auctioned put options for short-lived pollutants awarded the 2016 Carbon Deal of the Year by Environmental Finance magazine.
Vikram has extensive experience advising investors on finding and developing sustainable financing strategies, as well as supporting developing country governments to create investment opportunities in line with their goals. He has a bachelor’s degree in engineering from IIT Delhi, India and a master’s degree in resource economics from the University of Maryland, USA, where he was a research scholar and graduate fellow. Vikram is based in Washington, D.C.