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<p>At both Ministerial and official level, we continue to raise the need for finance
and action on loss and damage, noting that relevant finance for averting, minimising
and addressing loss and damage comes from sources under and outside the UNFCCC.</p><p>As
COP26 incoming Presidency, the UK has convened seven consultations which have devoted
substantial time to the issue of operationalising the Santiago Network on Loss and
Damage and included the question of finance to enable its work. The COP President
also convened dedicated Ministerial sessions on loss and damage at the July Ministerial
in London and at PreCOP. At these sessions, the issue of finance was discussed, including
the post-2025 goal, with a view to political leaders providing the strategic framing
for negotiator-level discussions at COP26.</p><p>As part of the COP25 Presidency and
incoming COP26 Presidency joint informal work plan on finance, we have undertaken
informal negotiator-level consultations on the post-2025 climate finance goal with
all Parties that have expressed an interest. Public reflections notes on these engagements
are available on the UNFCCC website. The COP26 Presidency role is to facilitate balanced
progress on this item in Glasgow, reflecting the positions of all Parties as best
possible.</p>
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