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1. What is the temperature target that Azerbaijan's COP29 Climate Finance Action Fund aims to help nations meet?
Azerbaijan's COP29 has announced the Climate Finance Action Fund (CFAF) to support green projects in developing countries, specifically aiming to help member nations achieve the 1.5°C temperature target. This target is crucial for mitigating the severe impacts of climate change and aligns with international climate agreements. The CFAF, funded by contributions from fossil fuel producers and other sources, will focus on financing clean energy technology and enhancing climate resilience. This initiative highlights the urgent need for collective action to limit global temperature rise and safeguard the planet's future.