COP29: Azerbaijan wants fossil fuels to fund climate adaptation
Azerbaijan’s energy agenda for this year's COP has been met with scepticism.
The COP29 presidency has announced what it aims to achieve at the next climate change conference in Baku, Azerbaijan, including a climate finance fund financed by fossil fuels and several initiatives round clean energy and climate resilience.
The conference’s flagship goal is to create a Climate Finance Action Fund (CFAF) made up of voluntary contributions from countries and companies producing fossil fuels to finance climate mitigation, adaptation, research and development – and fund rapid responses to natural disasters in climate-vulnerable countries.
