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
V2G Technology: Regional Growth and Market Leaders in Europe, the Asia Pacific, and America
The market for Vehicle-to-Grid (V2G) technology is expanding significantly on a global scale. With over 20 V2G projects in development, the United...
Smart Transformers: Revolutionizing the renewable energy landscape
Most of the installed transformers worldwide consist of conventional transformers, but the global transformer market is expected to move towards...
Overview of the European HV Switchgear Market
The High Voltage (HV)* Switchgear market in Europe has rebounded from the pandemic-induced revenue slump in 2021 and is expected to continue growing...



