Azerbaijan Calls on Fossil Fuel Producers to Contribute to Climate Fund During COP29

Saturday, 20 July 2024, 09:00

As COP29 approaches, Azerbaijan is looking to raise $1 billion from companies involved in oil and gas extraction. This initiative is part of a broader strategy to combat global warming and promote sustainable practices. By seeking contributions from fossil fuel producers, Azerbaijan aims to create a climate fund that will support environmental protection measures and climate adaptation efforts. The involvement of these companies is crucial for effective climate action and transitioning towards a greener economy.
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Azerbaijan Calls on Fossil Fuel Producers to Contribute to Climate Fund During COP29

Azerbaijan's Climate Fund Initiative

Azerbaijan is gearing up for COP29 and is making a bold move by requesting $1 billion in contributions from fossil fuel producers.

Key Points of the COP29 Proposal

  • Azerbaijan is asking countries and companies involved in oil and gas extraction to join the initiative.
  • The goal is to tackle global warming and promote a sustainable future.
  • Funds will be directed towards climate adaptation efforts and environmental protection.

This initiative reflects Azerbaijan's commitment to addressing climate change and emphasizes the importance of collaboration between the fossil fuel industry and climate action.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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