Climate Talks > Azerbaijan launches Climate Finance Action Fund with initial target of $1 bln

Azerbaijan launches Climate Finance Action Fund with initial target of $1 bln

Published 17:35 on July 19, 2024  /  Last updated at 17:35 on July 19, 2024  / /  Climate Talks, EMEA, International, Middle East, Voluntary

Azerbaijan has today announced the launch of the Climate Finance Action Fund (CFAF), initially targeting $1 billion in financing from fossil fuel producing countries and companies, and half of the capital to go towards climate projects in developing countries.
Azerbaijan has today announced the launch of the Climate Finance Action Fund (CFAF), initially targeting $1 billion in financing from fossil fuel producing countries and companies, and half of the capital to go towards climate projects in developing countries.


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