Climate finance and the loss and damage fund have been some of the most vigorously debated topics linked to climate change in recent years. Climate finance “refers to local, national or transnational financing—drawn from public, private and alternative sources of financing—that seeks to support mitigation and adaptation actions that will address climate change” (United Nations Climate Change, 2023). It is by no means a new topic of discussion or a new idea as it has been part of the international climate discourse since the Kyoto Protocol and the Paris agreement. The climate finance movement has, over the past few decades been championed by those nations who have contributed the least to climate change, whilst experiencing its worst effects without possessing the necessary financial capital to bolster their resilience or rebuild in the wake of disasters (United Nations Climate Change, 2023).