More than two billion people currently living in cities could be exposed to an additional temperature increase of at least 0.5 degrees Celsius by 2040, a new UN report published on Tuesday finds. 

“Almost no urban resident will be unaffected, with billions of people subjected to hotter temperatures or exposed to the risks of flooding and other threats,” said Anacláudia Rossbach, Executive Director of UN-Habitat.

The report also highlights a significant funding gap for resilient urban infrastructure.

Cities overall need an estimated $4.5 to $5.4 trillion investment per year to build and maintain climate-resilient systems, yet current financing stands at just $831 billion — only a fraction of the required amount.

This shortfall leaves cities, and especially their most vulnerable populations, exposed to escalating risks.

While climate action in cities is failing to match the scale of the challenges faced, those most at risk are “also those already facing persistent and chronic structural inequalities”, Ms. Rossbach said.

“Informal settlements and slums – typically situated in environmentally sensitive areas and lacking in protective infrastructure – often bear the brunt of climate related disasters or extreme events,” she emphasised.

She added that these vulnerable communities are not only more exposed to risk in the first place but also less likely to receive support once a shock does occur.

“Accelerated transformation of slums and informal settlements, as well as addressing the needs of the most vulnerable territories in cities is thus a priority,” she underscored.