Increasing investment at pace will put pressure on governance capability and transparency and accountability of decision making  . Urban climate action that actively includes local actors and is built on an evidence base open to independent scrutiny is more likely to avoid unintended, negative maladaptive impacts and mobilise a wide range of local capacities. In the long run, this is also more likely to carry public support, even if some experiments and investments do not deliver the intended social benefits. Legislation, technical capacity and governance capability is required to be able to absorb additional finance. About USD 384 billion yr1 of climate finance has been invested in urban areas in recent years. This remains at about 10% of the annual climate finance that would be necessary for low-carbon and resilient urban development . Rapid deployment of funds to stimulate economies in recovery from COVID-19 have highlighted the pitfalls of funding expansion ahead of policy innovation and capacity building. The result can be an intensification of existing urban forms, exactly the kinds of choices and preferences that contribute to risk creation and its concentration among those with little public voice or economic power.
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report