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
Energy Transition to Rely on STATCOMs in Germany
• Germany is one of the leading countries in Europe in terms of adoption of renewable energy and has made significant effort over the years in order...
Revving Up: Exploring the Current State of U.S. EV and EVSE Infrastructure
The implementation of California's Advanced Clean Cars II (ACC II) rule, a state policy, has the potential to significantly hasten the widespread...
SAE Hydrogen and Alternative Fuels Summit Impression 2023
The SAE Hydrogen and Alternative Fuels Summit was held online from 2nd to 3rd May 2023. This two-day virtual event aimed to bring together hydrogen...



