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
Aging Infrastructure: The State of America’s High Voltage Power Transformers
The main drivers pushing the USA's power transformer market is replacement of the obsolete transmission network. Moreover, under the Bipartisan...
Key Drivers Instigating Distribution Transformer Demand in the KSA
KSA’s distribution transformer market is driven by several development projects in the country, pushing SEC to heavily invest in distribution...
Powering the Future: How FACTS Devices are Paving the Way for Australia’s Renewable Energy Goals
Since the beginning, Australia has deployed FACTS devices in its power grid across different areas to upgrade, expand and help integrate renewables....



