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.
GCC/Rest of APAC
Plug&Charge is a recent innovation that can initiate charging, receive power, and handle payments directly through the charging cable, improving...
A set of European countries are moving to deploy offshore wind farms in the North Sea which is expected to drive the demand for medium-voltage...
Asia Pacific power transformer market has a massive 50% global market share. Power transformers are roughly half of the spend at major utilities...