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
EHB: A Gateway to European Hydrogen Economy
Hydrogen is emerging as an efficient and alternate fuel around the globe and will play a key role in achieving the climate pledge of net zero...
State Incentives Propelling the Energy Storage Market in Australia
• Australia plans to achieve net zero emissions by 2050 and, in pursuit of these goals, the country is installing renewable capacity in the...
The Renewable Energy Law (EEG) 2021: A Boost for Germany’s Renewable Energy Market
Energy storage in Germany has been on the rise for a few years now, with the industry showing substantial annual growth. The residential market,...


