To ask the President of COP26, what assessment he has made of potential impact of the requirement for a global target for financial donations for loss and damage funding by developed nations, separate to the establishment of a global finance facility for loss and damage funding, on helping to secure a successful outcome at the COP27 meeting in November 2022; and if he will make a statement.
At COP26, Parties recognised loss and damage is already impacting lives and livelihoods and agreed to scale-up support. The Glasgow Dialogue was established to discuss the arrangements for the funding of activities to avert, minimise and address loss and damage.
In June 2022, at the Bonn Intersessional meeting, the Glasgow Dialogue on loss and damage was launched to discuss the funding arrangements for addressing loss and damage. There will be further dialogues taking place every year to 2024, though these are not formal negotiations.This will continue to be a critical forum to discuss practical ways finance can be scaled up and effectively delivered. I regularly discuss Loss and Damage with international counterparts, including non-governmental organisations and the private sector.
The UK is committed to deliver on the Glasgow Climate Pact working with Parties and Civil Society organisations to advance progress through the Glasgow Dialogue and operationalising the Santiago Network.