# Green Climate Fund

Green Climate Fund is a Climate Fund based in Incheon, South Korea.

## Overview

- **Organization type:** Climate Fund
- **Headquarters:** Incheon, South Korea
- **Region:** Asia
- **Address:** G-Tower, Songdo Business District 175 Art center-daero, Yeonsu-gu, Incheon 22004, South Korea
- **Founded:** 2010
- **Assets under management:** 13500 (Altss estimate)
- **Website:** greenclimate.fund
- **LinkedIn:** https://www.linkedin.com/company/green-climate-fund/

## Regulatory record

- **Reports private funds:** No

## About

The Green Climate Fund was established in 2010 as an operating entity of the UNFCCC financial mechanism. Mafalda Duarte serves as Executive Director. Capital originates from sovereign pledges rather than private family wealth. The fund commits across renewable energy, agribusiness, infrastructure and adaptation. Positions include GAIA Platform, Acumen Resilient Agriculture Fund II, GEEREF NeXt, Egypt Renewable Feed-In-Tariff Framework, Green City Kigali and Climate Resilient Agriculture in Somalia. Deployment occurs in Africa, Asia, Latin America and global emerging markets through direct ownership, limited partner roles and concessional structures with tenors of 10–20 years. The organization maintains 764 professionals at its Incheon headquarters. It participates in the Climate Funds Pavilion alongside GEF, Adaptation Fund and CIF. November 2024 activity included speaking at COP29 on the New Collective Quantified Goal and water security. Governance ties the fund directly to the UNFCCC as its primary structural link, with the World Bank acting as trustee and multiple accredited entities handling execution.

## Sectors

- ClimateTech
- Renewable Energy
- AgriTech & FoodTech

## People

- Mafalda Duarte — Executive Director
- Henry Gonzalez — Chief Investment Officer

## Questions

### Who runs investment decisions at Green Climate Fund?

Mafalda Duarte serves as Executive Director. Henry Gonzalez holds the Chief Investment Officer role. Decisions follow board-approved policies and accredited entity pipelines.

### Does Green Climate Fund participate in fund commitments or only direct deals?

The fund acts as limited partner in vehicles such as Acumen Resilient Agriculture Fund II and GEEREF NeXt. It also holds direct ownership in operating projects through accredited entities.

### What investment stages does Green Climate Fund typically target?

Commitments span early-stage startups through expansion and operating assets. Ticket sizes range from $1M to $500M with investment horizons of 10–20 years.

### Where does the underlying capital come from?

Sovereign government pledges replenish the fund. No private family or corporate wealth origin is disclosed.

### How is Green Climate Fund related to UNFCCC?

The fund operates as an entity of the UNFCCC financial mechanism. The World Bank serves as trustee and several multilateral banks act as accredited entities.

## Related profiles

- [Verizon Pension Plan for Associates](https://altss.com/profile/verizon-pension-plan-for-associates)
- [Dawson Partners](https://altss.com/profile/dawson-partners)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/green-climate-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology