The Green Climate Fund (GCF) has approved reforms that will allow it to invest more money into climate projects by lowering its equity-to-loans ratio, with nearly $6 billion more available for emissions-reduction and climate adaptation projects in developing countries. Developed countries support the reforms, while developing nations have mixed responses, fearing more loans and fewer grants. The new system aims to increase climate impact by allowing the fund to do more with the same resources, responding to the need for increased climate funding. The ongoing question of whether developed countries will fulfill their obligations under the Paris Agreement and the UN climate regime highlights the importance of financial support from developed nations in addressing climate change and meeting global climate goals.