Will the new Climate Finance Action Fund (CFAF) help developing nations? | UN COP29 Azerbaijan

On Friday, 19 July, 2024, the host nation for the UN CoP29, Azerbaijan announced a new fund to help developing nations fight climate change, called, the 'Climate Finance Action Fund'. Azerbaijan has proposed the fossil fuel developing countries to "invest" an initial amount of $1 billion in the climate action projects of the developing nations. Watch how the metrics of the fund works and will the new Climate Finance Action Fund help developing nations? #azerbaijan #cop29 #unitednations #fossilfuel #climateaction #climatefinance ___________________________________________________________________________________________ Down to Earth is Science and Environment fortnightly published by the Society for Environmental Communication, New Delhi. We publish news and analysis on issues that deal with sustainable development, which we scan through the eyes of science and environment.