The COP29 climate summit in Baku has become a focal point for global climate negotiations, drawing attention from lobbyists, activists, and policymakers worldwide.

Despite initial delays, the summit has seen significant developments, including a swift decision to regulate global emissions trading under Article 6 of the Paris Agreement.

This move, while controversial, is seen by some as a step towards more cost-effective climate action, potentially saving $250 billion annually in implementation costs.

Sweden has embraced this decision, planning substantial investments in emission reductions in countries like Ghana and Rwanda to meet its climate goals.

Additionally, Sweden has pledged 200 million kronor to a new fund aimed at helping vulnerable countries manage climate-related damages.

However, the rapid decision-making process has faced criticism for bypassing thorough debate, raising concerns about the long-term effectiveness and fairness of such measures.