Adapting the assets of urban low-income households with climate extremes: experience from Dhaka

Analyses of climate risks for urban low-income households are grounded in the concept of vulnerability. To address the dynamic nature of vulnerability, asset-based approaches to poverty reduction and social development advocate for identifying both risks and resilience. Applying the asset-based approach to a climate-change context brings into the discussion vulnerabilities associated with physical hazards and their impact on different types of capital assets. This paper analyses evidence from an informal settlement in Dhaka to identify the capital assets impacted by physical hazards and to develop a matrix identifying assets that can build the capacity of urban low-income households to adapt to climate extremes.