From City Hall to Climate Bank: Financing Resilience with Chris Castro

"If you use low-cost capital, you don't need tax credits to make the economics work. That's what excites me the most about how to scale this thing up. [...] How do I help every other community bank get in the game of building their green lending muscle and thinking about resilience? And if we can do that, then we don't need all of the tax credits and all the incentives that everybody has thought we needed in this industry." — Chris Castro, founding director and chief sustainability officer, Climate First BankFederal support for climate and clean energy programs is being dismantled, and the question of who will finance resilience has turned urgent for communities throughout the Ten Across geography. The money that flowed from Washington is thinning; the need is not.Few people have approached that question from as many sides as Chris Castro. He built Orlando's sustainability and resilience office under Mayor Buddy Dyer, then moved to Washington as a presidential appointee, helping stand up the Department of Energy arm created to move historic infrastructure and climate funding to states, cities, and school districts — until the change in administration halted the work.Now Castro is pursuing the same goal from inside the private sector. As founding director and chief sustainability officer of Climate First Bank, he is testing whether a community bank can finance resilience at a scale federal programs no longer will.In this episode, Ten Across founder Duke Reiter and Chris Castro trace that arc from city hall to federal government to mission-driven banking, and land on a question 10X is now taking up with its own networks: what resilience officers need to know about finance.