• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • News
    • Devex @ UNGA 79

    Why the Green Climate Fund plays a unique role in climate finance

    More and more institutions are providing finance to nations vulnerable to climate change. The Green Climate Fund's Mafalda Duarte discusses where the organization can shine.

    By Ayenat Mersie // 01 October 2024

    The executive director of the Green Climate Fund is driving the organization to ramp up its efforts in delivering climate finance, particularly for the world’s most vulnerable nations.

    Since its establishment in 2010, GCF has committed approximately $16 billion across 130 countries, positioning itself as the world’s largest climate fund. And since taking office last year, Mafalda Duarte has announced the ambitious “50 by 30” plan, which is to manage $50 billion by 2030.

    “We need to set ambitious targets because we are in a crisis, and the scale of the resources has to be many times higher than what we are currently supporting developing countries with,” Duarte said at a Devex event on the sidelines of the United Nations General Assembly in New York.

    This article is free to read - just register or sign in

    Access news, newsletters, events and more.

    Join usSign in
    • Environment & Natural Resources
    • Funding
    • Private Sector
    • Banking & Finance
    • The Green Climate Fund (GCF)
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ayenat Mersie

      Ayenat Mersie

      Ayenat Mersie is a Global Development Reporter for Devex. Previously, she worked as a freelance journalist for publications such as National Geographic and Foreign Policy and as an East Africa correspondent for Reuters.

    Search for articles

    Related Stories

    Climate financeGreen Climate Fund expands its reach with first regional offices

    Green Climate Fund expands its reach with first regional offices

    Climate FinanceGCF board approves record $1.2B in funding and accreditation overhaul

    GCF board approves record $1.2B in funding and accreditation overhaul

    The Road to COP30Cities in the global south demand climate finance ahead of COP30

    Cities in the global south demand climate finance ahead of COP30

    Climate financeEnvironment ministers mull climate finance, Africa’s development future

    Environment ministers mull climate finance, Africa’s development future

    Most Read

    • 1
      Opinion: How climate philanthropy can solve its innovation challenge
    • 2
      The legal case threatening to upend philanthropy's DEI efforts
    • 3
      Why most of the UK's aid budget rise cannot be spent on frontline aid
    • 4
      2024 US foreign affairs funding bill a 'slow-motion gut punch'
    • 5
      Opinion: It’s time to take locally led development from talk to action
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement