The document discusses key issues surrounding REDD (Reducing Emissions from Deforestation and Forest Degradation) in the context of COP 15, highlighting its potential integration into international climate policy and the challenges of measuring and funding these initiatives. It outlines the phases for REDD+ implementation, including strategy development and payment for performance based on verified emissions reductions. The document also addresses the importance of safeguards, monitoring, and institutional arrangements to ensure the effectiveness and equity of REDD+ mechanisms.