I appreciate the concerns raised over this important issue. Indeed, that is why I was encouraged that at COP26, a 'Glasgow Dialogue on Loss and Damage' was established to discuss the funding arrangements for addressing loss and damage. The COP26 Conference also saw progress on the Santiago Network - a platform for catalysing technical assistance on loss and damage for developing countries - through the agreement of clear functions and funding.
Following this, the Glasgow Dialogue was formally launched in June 2022 at the Bonn Intersessional meeting, and further dialogues will take place every year to 2024. Though these are not formal negotiations, the Glasgow Dialogue will continue to be a critical forum to discuss practical ways finance can be scaled up and effectively delivered. I am proud that the UK participates in both the Glasgow Dialogue and Santiago Network at official representative level with a view to making both effective.
In addition, you may be interested to know that Alok Sharma, the UK's COP26 President, regularly discusses loss and damage with international counterparts, including non-governmental organisations and the private sector.
On account of existing commitments to better address the threat of loss and damage in climate-vulnerable countries and the ongoing work to this end, I do not believe it is necessary to sign EDM 374 or join the Rise Up Pay Up campaign at this time.
Any decision to modify our tax regime is a matter for HM Treasury and careful consideration will be given to any proposed amendments to current tax rates. I understand that the Government keeps all taxes under review.
I can assure you that Ministers will continue to engage on loss and damage, including at COP27, to ensure that the important dialogues and progress on this issue that happened in Glasgow are built on.