The purpose of the research work is to explore the objective and competence of COP (Conference of Parties) in the context of environmental issues and climate change management and this is performed by evaluating respective articles published in the context of the subject. COP is found efficient in empowering global nations to be aligned with the objective of sustainable growth by making corrective negotiations and agreements as per the current and future environmental issues like the greenhouse effect and air pollution. COP helps ensure environmental issues are fixed by conducting benchmark index-based performance reviews and analyses. It has been observed that the agenda significantly contributes to the green economy, as it promotes sustainable change and development in the environment, society, and economy. A significant innovative strategy was developed at the conference to reduce global temperatures and emissions. In this context, the development of the EV sector plays a crucial role in mitigating environmental impact. The COP28 conference is addressing the climate and nature crisis, considering it a global health emergency. Methodology states that the literature search is conducted from peer-reviewed journal articles from authentic sources like Wiley’s Online Library and Science Direct Pages. Only the journals that were published after the year 2019 have been used in the study. Also, it is seen that COP28 (2023) conventions focused on global warming, climate change, and the production of a green economy, which is continuously being considered, and also, the implications and steps that are required to be taken are discussed.