COP29 Climate Finance Initiatives | Latest Update | Drishti IAS English

Azerbaijan is hosting COP29 from November 11 to 22, 2024, in Baku. The event will focus on finalizing a climate finance agreement for the post-2025 period. Azerbaijan announced the launch of a new Climate Finance Action Fund (CFAF). The fund aims to address climate change in developing nations through voluntary contributions. It is part of a broader set of proposals Azerbaijan plans to include in the COP29 outcomes.

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