Fortune
In Fortune, BCG’s Vinay Shandal reflects on the major takeaways from this year’s United Nations Climate Change Conference, COP27. While previous conferences focused largely on the mitigation of carbon emissions, discussions around climate adaptation came to the forefront at this year’s event. “The reality is, especially for developing economies, climate change is already here,” he says, as nations throughout the global south suffer disproportionately from floods, storms, and droughts brought on by climate change. Shandal thus urges world leaders to explore how they can finance critical climate adaptation strategies and compensate the countries experiencing the greatest losses and damages.