A major theme emerging from the discussions at New York's Climate Week and the United Nations General Assembly is how the climate crisis and the energy transition are exacerbating inequality.and left millions of people and businesses without power. Puerto Rico's electric grid was already unreliable, having never fully recovered from Hurricane Maria, which hit five years ago. The Dominican Republic also got slammed, forcing President Luis Abinader to cancel his trip to New York.
The natural disasters are fueling climate activists' calls for wealthy nations to not only fund climate-adaptation projects, but also compensate developing countries for the loss and damage already inflicted. The issue is expected to be a major flashpoint at COP27 in Egypt in November.
Deloitte
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