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"#Azerbaijan was expected to unveil its flagship – and most controversial – initiative: a #climate fund designed “primarily” for developing countries with money voluntarily put in by #FossilFuel-producing countries and companies.

The fund would mainly give out money at commercial lending rates with only a fifth of its revenues providing “highly concessional and grant-based support” to vulnerable countries."

The launch of this fund has been scrapped.

https://www.climatechangenews.com/2024/11/14/cop29-bulletin-day-4-still-no-finance-progress-as-economists-call-for-1-trillion/