As the COP29 climate summit in Baku, Azerbaijan, approaches its conclusion, significant challenges remain, particularly regarding climate financing.

The summit has seen a stark divide between wealthy and developing nations over the financial commitments needed to combat climate change.

Developing countries are demanding at least $1 trillion annually, while the EU has proposed a much lower figure of $200-300 billion, causing frustration among poorer nations.

Swedish Climate Minister Romina Pourmokhtari emphasized the importance of determining contributors before setting a financial target, highlighting Sweden's role as a major donor.

Meanwhile, over 1,700 fossil fuel lobbyists are present, advocating for continued reliance on fossil fuels, further complicating negotiations.

With just days left, the urgency to reach a consensus is palpable, yet many issues, including fossil fuel phase-out and emissions trading, remain unresolved.