The report aims to inform developers of clean development mechanism (CDM) projects and policymakers about lessons learned by the BioCarbon Fund, a public-private initiative supporting more than 20 afforestation and reforestation projects in 16 countries since 2004.

It outlines the opportunities that CDM projects present for the forestry sector, as well as the challenges that project developers face in complying with regulatory requirements. The report concludes with recommendations on how current regulations could be improved so that they match the realities on the ground, as well as other aspects of managing CDM projects — such as new ways of accessing finance and strengthening capacity at the local level.