Jake Levine, an attorney and former Obama administration staffer, this week was named the first-ever "chief climate officer" at the Development Finance Corp., a U.S. government group that acts a bit like a venture capital firm focused on developing countries.

Axios Re:Cap speaks with Levine and Axios climate reporter Andrew Freedman about the significance of this new role, and how Levine will handle billions of dollars in financing to combat global warming.