Azerbaijan prepares for COP29, aiming to set new climate funding targets for developed nations to support developing countries.

Azerbaijan is preparing for the COP29 climate summit in November, focusing on establishing new annual funding targets from wealthy nations to assist developing countries in addressing climate change. Key initiatives include a proposed climate finance action fund, voluntary contributions from fossil fuel-producing nations, and commitments to boost global energy storage. Disagreements over funding levels persist, highlighting the urgency of the summit's agenda.

September 17, 2024
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