Azerbaijan has shelved the launch of its controversial Climate Finance Action Fund (CFAF) at COP29, citing concerns it could disrupt negotiations on the new climate finance goal. The fund, aimed at raising at least $1 billion to support developing countries in transitioning to clean energy, faced criticism as a potential greenwashing initiative. Climate campaigners welcomed the postponement, arguing it detracted from the need for fossil fuel producers to take responsibility for climate damage.
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