This comprehensive report on the options for reducing emissions from deforestation and forest degradation (REDD) under consideration for an international deal on climate change was prepared by the Meridian Institute for the Government of Norway.

The authors focus on four critical areas for successfully developing REDD measures: finance, reference levels, monitoring, reporting and verification (MRV) and promoting indigenous peoples' effective participation. They propose a three-phased approach for REDD projects, to account for countries' widely varying capacities. This would start with countries receiving funds to develop national REDD strategies, followed by support to implement those strategies, which finally leads to payment for verified performance compared to agreed reference levels.

The report concludes that successful REDD implementation requires global partnership, led by REDD countries, in which indigenous peoples and local communities are fully engaged.