This report assesses several important considerations for a future REDD mechanism within the UNFCCC, and strives to clarify and inform some of the critical choices that will need to be made about including REDD in a Copenhagen agreement. At the international level, a good outcome for REDD would create the enabling conditions for effective implementation in REDD countries, including:

• Financial incentives.
• Procedures for setting reference levels;
• Methodologies for monitoring, reporting, and verification (MRV); and
• Processes to promote the participation of indigenous peoples and local communities.

Capturing the mitigation potential of REDD requires a flexible, phased approach to implementation in order to accommodate (i) the diverse capabilities of REDD countries; (ii) an expanded scope of REDD to include conservation, sustainable management of forests, and enhancement of forest carbon stocks; and (iii) the nearterm constraints of the current global financial crisis.

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