Ensuring sufficient investment in physical capital is vital to support development pathways at the national level, but for the poorest and most marginalised in society, physical capital represents an invaluable source of adaptation options . Physical capital constitutes assets such as land, roads and other infrastructure , housing and other buildings, as well as the materials and tools needed to make a living . It can also help to foster a sense of place, and can support well-being. Climate change impacts on physical capital are often widespread, as well as economically and emotionally costly, particularly when communities are afflicted by hardship  .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report