With extreme weather events causing loss and damage to societies around the world, the Loss and Damage Fund mandated by the Conference of the Parties of the Climate Change Convention intends to provide financial relief to the most vulnerable. But what should be the focus of the new fund and how can it be capitalised? We advocate for a micro-insurance facility to protect households.  In addition, together with partners, we are proposing climate solidarity levies around the world to help capitalise the fund.