Poverty contributes to exposure and vulnerability by limiting access of individuals, households and communities to economic resources and restraining adaptive capacities  . Over the past decades, until the COVID-19 pandemic, global poverty rates have declined rapidly. Between 1981 and 2015, the share of global population living in extreme poverty  declined from 42% to 10%, leaving 736 million people in extreme poverty, concentrated in South Asia and Sub-Saharan Africa . This general reduction in poverty across the world is accompanied by a decrease in vulnerability to many types of climate change impacts . However, the COVID-19 pandemic has significantly increased extreme poverty by about 100 million people in 2020, with disproportionate economic impacts on the poorest, most fragile and smaller countries  and significant implications for vulnerability to climate change .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report