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
Renewable Revolution Catalyst for the EU’s FACTS Market Growth
The Russia-Ukraine war has served as a wake-up call for the EU member states to decrease their dependence on Russian energy supplies. Due to the...
COP through the Ages
This infographic takes a cursory glance at the most significant achievements of the Conference of Parties through the years and offers a chance for...
Battery Pricing Comparison
This infographic provides an overview of the difference in costs of various battery technologies. It also dives into comparing the costs of various...