| Full Name | Reducing Emissions from Deforestation and Forest Degradation | Reducing Emissions from Deforestation and Forest Degradation, and Enhancing Forest Carbon Stocks |
| Objective | Reducing greenhouse gas emissions from deforestation and forest degradation | Reducing greenhouse gas emissions from deforestation and forest degradation, and enhancing forest carbon stocks through sustainable forest management, conservation, and enhancement of forest carbon stocks |
| Scope | Only addresses deforestation and forest degradation | Includes sustainable forest management, conservation, and enhancement of forest carbon stocks |
| Financing | Funded through carbon markets or public funding sources | Funded through a combination of carbon markets, public funding sources, and private sector investments |
| Eligibility | Available to developing countries that have significant forest cover and high rates of deforestation and forest degradation | Available to developing countries that have significant forest cover and high rates of deforestation and forest degradation, and have developed strategies for sustainable forest management, conservation, and enhancement of forest carbon stocks |
| Benefit | Incentivizes the reduction of greenhouse gas emissions from deforestation and forest degradation, and promotes the conservation of forest ecosystems | Incentivizes the reduction of greenhouse gas emissions from deforestation and forest degradation, as well as sustainable forest management, conservation, and enhancement of forest carbon stocks, which can provide additional benefits such as biodiversity conservation, ecosystem services, and poverty reduction |
| Implementation | Implemented through projects and programs that reduce deforestation and forest degradation, such as payments for ecosystem services | Implemented through a combination of policies, programs, and projects that reduce deforestation and forest degradation, and promote sustainable forest management, conservation, and enhancement of forest carbon stocks |
| Additionality | Projects must demonstrate that the reductions in emissions from deforestation and forest degradation would not have occurred without the funding provided by REDD | Projects must demonstrate that the reductions in emissions from deforestation and forest degradation, and the enhancement of forest carbon stocks, would not have occurred without the funding provided by REDD+ |
