This book, written by researchers at the Center for International Forestry Research (CIFOR), poses several critical questions that must be addressed in designing a global framework for reducing emissions from deforestation and forest degradation (REDD) to be implemented after 2012, when the first commitment period of the Kyoto Protocol runs out.

The authors frame their discussion within the 3E criteria, first proposed in the Stern Review on the Economics of Climate Change, of carbon effectiveness, cost efficiency and equity/co-benefits. Questions posed include how to set scales and baselines, deal with leakage, ensure permanence, and achieve co-benefits.

They examine various technical solutions for monitoring, reporting and verifying REDD projects, including remote sensing techniques and forest inventories. The political implications of implementing different technical options to distribute REDD income across different countries are also addressed.

The book highlights the need for flexibility in REDD strategies due to differences between countries and the need to allow for room to adapt to changes to the mechanisms as lessons are learned from initial implementation.

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