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Olivier Blum, Executive Vice President of Energy Management at Schneider Electric, discusses how COP28 and Davos 2024 will influence future climate initiatives.

In the wake of two of the most significant global climate summits, the world keenly watches to see what progress nations and businesses will make on climate change this year.

In December, almost 200 countries agreed to begin reducing their consumption of fossil fuels in a ‘first-of-its-kind’ deal. Along with adopting cleaner energy sources, the need to reduce energy demand was high on the agenda for the first time at both events.