Victor Cardenas

Victor Cardenas

PhD Student

Bio

Victor is a PhD student at the Institute for Resources, Environment, and Sustainability under the supervision of Dr. Milind Kandlikar and Dr. Simon Donner. His research interests are in understanding climate change’s impact on micro financial entities in developing economies. Using climate modeling in conjunction with financial modeling, his research aims to estimates the impact of climate risk on financial entities’ financial health (default risk). His research assesses climate risk as the result of the interaction of physical and transition risks.

He has more than 20 years’ experience in about 30 countries in the public and private sector, in the field of disaster risk financing and climate change. He has worked as a consultant for the World Bank, the Inter-American Development Bank, the United Nations Development Programme, the United Nations Office for Disaster Risk Reduction, the German and English Cooperation Agency, among others. He is currently a member of the Technical Expert Group on Comprehensive Risk Management under the Warsaw International Mechanism for Loss and Damages of the United Nations.

He holds a B.A. in Economics from the Instituto Tecnológico Autonomo de México (ITAM) and a Master in Finance from the Instituto de Empresa in Madrid, Spain. He has multiple courses in extreme risks and climate risk focused on the financial sector.