COP29 Azerbaijan put the climate fund on ice

Azerbaijan's presidency was expected to unveil one of its flagship — and most controversial — initiatives at COP29's "finance day": a new climate fund with money voluntarily contributed by countries and fossil fuel companies.

But the Climate Finance Action Fund (CFAF) has all but disappeared from the agenda. When asked by Climate Home about this, Azerbaijan's chief negotiator, Jalchin Rafiyev, cryptically said that the COP hosts had formed a working group to "develop a concept that would be feasible and acceptable" to donor countries. (More on limatechangenews.com)