Loss and Damage Action Day 2022

That this House acknowledges Loss and Damage Action Day, which is taking place on 22 September 2022, to highlight the severe impacts of climate change already affecting communities around the world; notes that climate change induced loss and damage is projected to cost between $290bn and $580bn a year by 2030 in developing countries alone, and that at present this cost is set to fall on the communities affected, who have done little or nothing to cause the problem; further notes that communities in the UK are also increasingly affected by the escalating impacts of climate change, including this summer’s wildfires; believes that the UK and other developed countries have a responsibility to provide financial support to developing countries experiencing loss and damage; calls on the Government to pledge its support for a loss and damage finance facility ahead of COP27 in November; and further calls on the Government to prioritise this issue in its diplomatic efforts during the remainder of the UK’s COP26 Presidency.