Abstract
This paper is divided into two parts to explore some aspects of municipal development related to national and subnational investments in disaster risk reduction and urban sustainability related to Covid-19 and climate change response. In Part I, a survey on disasters and national transfers to 45 Brazilian municipalities is presented. In Part II, the local-scale approach enabled to compare the areas most affected by COVID-19 with those impacted by climate change. There are large uncertainties around financial support from the federal government and their impact at local scale. São Paulo city was chosen because it reveals some important aspects of spatial structure carried out through local investments. In this sense, updated information on floods and warmer surfaces were updated to provoke a discussion about a potential confluence with the effects of pandemic. The results highlighted the effects of scarce federal transfers and the maps help us to identify the spatial distribution of people at risk, which can be beneficial for municipal decisions as they highlight a significative relationship between pandemic effects and an uneven social structure. In conclusion, the trade-off between this unequal structure and a necessary and effectively sustainable change leads us to reflect on local investment trends.