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
APAC’s FACTS Boom: A Look at the Market’s Growth and Key Players
APAC presents a significant market opportunity for numerous Flexible AC Transmission Systems (FACTS) devices for key T&D OEMs. The region can...
APAC’s Push for Renewables and Rising Energy Intensive Industries Drive MV Switchgear Market
• The economy of the Asia Pacific region has grown significantly over the last few decades and currently contributes a significant fraction to the...
Region-Wise Deployment of Electric Vehicle Charging Infrastructure
• The transport sector is heavily reliant on fossil fuels and accounts for 37% of CO2 emissions from end use sectors (International Energy Agency)....



