COP fund.

Azerbaijan, host of this year's COP29 summit, has scrapped plans to propose a levy on fossil-fuel producers to raise climate cash and instead aims to launch a new fund at the summit, Reuters reported.

Each COP host wants to leave its mark, but what's the risk of having a plethora of funds in an already-confusing climate finance scene?

Anca heashot

Anca Gurzu

Chief Europe Correspondent