In regards to new mechanisms to restore nature, a tide of financial mechanisms are being designed to address climate and biodiversity challenges, and there are signals that results-based climate finance, such as payments for emission reductions, is working.
![green trees on mountain under white clouds during daytime](https://www.thefuturescentre.org/wp-content/uploads/2023/08/e5sp18o40ya-1280x500.jpg)
So what?
This mechanism incentivises climate action and helps countries achieve their Nationally Determined Contributions to the Paris Agreement. As one example, Costa Rica is a leader in using financial levers to promote conservation and climate change action. Carbon tax revenues are being used to fund forest preservation and sustainable development.
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