The Uses and Limits of Global Climate Conferences
The COP-28 conference has come to an end with its usual controversies and debates. While these conferences draw attention to climate change, they often raise unrealistic expectations about potential international solutions. Global climate agreements tend to be vague and unenforceable, as the self-interest of nation-states hinders meaningful progress.
However, progress is being made at the national, state, and local levels, with the transition to renewable energy gaining momentum. Investors and insurance companies are increasingly concerned about environmental risks, leading to responsible corporate practices and innovative technologies in response to climate change. The future of renewable energy and electric vehicles looks promising, with the eventual displacement of fossil fuels from the market.
It is the innovative technologies and business models, rather than global agreements, that will ultimately address the climate crisis and global environmental sustainability. While global climate conferences serve as a platform for new ideas and policies, they are not the primary drivers of change. Instead, government and private sector collaboration, fueled by new technologies and sustainable practices, will lead the way towards a more environmentally conscious future.
