But do these meetings yield any actionable goals, or are they political facades put up to make empty promises with no real intent behind them? COP27, for example, ambitiously set up a Loss and Damage Fund to compensate poorer countries for the climate change related destruction they had little part in causing. While this act was greatly lauded, the fund was not immediately established. In fact, the United States and United Kingdom both said reparations were off the table entirely. Nations only agreed to form a transitional committee to define the structure and financial obligations for a loss and damage fund. The committee will present its findings at COP 28 in November 2023. Of late, the race against climate change has become a race against time itself. These conferences do take steps, but they are so small and so carefully taken that they may make no difference at all in the burgeoning storm that is climate change.
Contact Sales:
Europe
+49-89-12250950
Americas
+1 408-604-0522
Japan
+81-80-7808-1378
GCC/Rest of APAC
+971-58-1602441
More about our:
Services
Recent Insights
Use of MV Switchgear in Data Centers
According to a recent study published by the American Association for Advancement of Science, data centers consumed close to 205 TWh of electricity...
Developments in the HVDC market in 2020
The imposition of global lockdowns to curtail the spread of pandemic in 2020 significantly reduced the electricity demand. According to...
Recovery possibilities of T&D sector in countries facing dual crises.
Covid-19 struck early in 2021 and affected the entire world. With little information about the disease and with no vaccine available, countries...



