A key risk for the poor is shocks to specific livelihood assets that may force low-income groups into persistent poverty traps  but research also suggests that climate change impacts are also driving transient forms of poverty, a modality of poverty which is recurring . Recurrent poverty is, for instance, seen in relation to crop losses and decreasing agricultural production when income losses worsen living conditions . Recent research shows that climate change impacts may exacerbate poverty indirectly through increasing cost of food, housing and healthcare, among other rising costs borne by the poor  . Severe adverse impacts of climate change at present and future risks may result from permanent, sudden, destabilising changes accompanying climate events such as decreases in food security, large-scale migration, changes in labour capacity or conflict . Overall, there is more evidence that even under medium warming pathways, climate change risks to poverty would become severe if vulnerability is high and adaptation is low  
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report