ate Change (UNFCCC), countries have been negotiating an agreement aiming at reducing emissions from deforestation and forest degradation in developing countries (REDD). In December 2007, Parties to the UNFCCC agreed to a Decision in Bali encouraging demonstration activities to test different approaches for REDD and initiating a second phase of negotiations.1 The Fourth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) indicates that the forestry sector, mainly through deforestation, accounts for about 17% of global