Today the main source of financing being discussed for forest protection in developing countries is under the umbrella of Nature-based Solutions for climate, and specifically carbon offsets. Offsets have, however, encountered a number of challenges from both the demand and supply-side. And arguably, the original premise behind offsets is no longer valid. We no longer have a choice to delay reductions. It's too late for this Kyoto-approach. Everyone must now reduce their own GHGs consistent with a 1.5D trajectory. If not offsets, what other scalable financing mechanisms can be used to incentivize governments and land owners to protect primary forests and natural ecosystems over the long-term?