It’s a big moment for the United Nations Green Climate Fund. Its funding levels hit a record high following the climate conference COP 28, with several countries adding contributions to its second replenishment that sent the fund’s total soaring past its $10 billion goal to $12.8 billion.

GCF’s Executive Director Mafalda Duarte oversaw the replenishment after assuming the role only three months prior, having departed her previous job as the head of the Climate Investment Funds in June. Somewhere in there, she was also at the Africa Climate Summit, the U.N. General Assembly, and multiple other global engagements.

“Quite intense,” she acknowledged to Devex President and Editor-in-Chief Raj Kumar in Davos, Switzerland, the latest stop on her whirlwind travel agenda.But if Duarte has been busy, it’s because she’s making huge strides at an organization that was in a notably rocky place a few years ago. On this episode of Davos Dispatch, a series housed under our regular weekly podcast, This Week in Global Development, Duarte gives us the scoop on what’s next for GCF and its role in climate change mitigation and adaptation.

What's next for the Green Climate Fund?