Archetypes with high adaptive capacity may currently have financial resources to meet adaptation needs, but such funding may be unsustainable in the long term. In Catalonia, while public funds are currently used to finance beach nourishment, these costs will increase with SLR and it is unclear whether public finance will remain a feasible source . Even in relatively richer municipalities, financing adaptation is constrained by other urban priorities . In Europe, shifting responsibilities from national governments to transnational and local actors has resulted in reduced national budgets for coastal adaptation investment and increased pressure on local authorities to raise public funds for adaptation without alienating electoral bases .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report