Q. Recently, which country has announced the Climate Finance Action Fund (CFAF) as part of its initiatives for the UN Climate Change Conference COP29?
Answer:
Azerbaijan
Notes: Azerbaijan has launched the Climate Finance Action Fund (CFAF) as part of its initiatives for the UN Climate Change Conference COP29. Headquartered in Baku, the CFAF aims to support climate projects in developing countries, advance Nationally Determined Contributions (NDCs), and address natural disaster impacts. The fund will be capitalized by fossil fuel-producing countries and companies involved in oil, gas, and coal. It will become operational after raising $1 billion in its initial fundraising round and securing commitments from 10 contributing countries.