Azerbaijan’s COP29 Distraction: Polluters Leading Climate Funds is Greenwashing
Comment from Bronwen Tucker, Oil Change International Public Finance lead, in response to Azerbaijan’s climate fund distraction announcement.
In response to Azerbaijan’s climate fund distraction announcement, Bronwen Tucker, Oil Change International Public Finance lead, said:
“A $1 billion voluntary climate fund that gives polluters decision-making powers is greenwashing. There is momentum to make polluters and the super-rich pay up for the trillions needed for climate action. Inviting fossil fuel interests to play-act as climate champions is a waste of time. Fossil fuel interests have knowingly and systematically blocked, delayed, and undermined necessary climate solutions and shouldn’t have a seat at the table.
“The Azeri government should focus instead on ensuring COP29 delivers what is needed for a fair, full, and fast fossil fuel phase out: a large, accessible, grant-based new climate finance goal (NCQG) and national climate plans (NDCs) that end fossil fuel expansion.
“The Azerbaijan government claims it will lead with a 1.5°C aligned climate plan. However, a true 1.5°C plan cannot include fossil fuel expansion.”