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The new Paris Agreement, approved by 195 countries under the auspice of the United Nations Framework Convention on Climate Change (UNFCCC), calls for limiting global warming to “well below” 2°Celsius. An important part of the climate agreement relates to reducing emissions from deforestation and forest degradation, and enhancing carbon stocks (REDD+) in non-Annex I (mostly developing) countries. Over the last decades the growing demand for food, fibre and fuel has accelerated the pace of forest loss. In consequence, tropical deforestation and forest degradation are responsible for a large portion of global carbon emissions to the atmosphere, and destroy an important global carbon sink that is critical in future climate change mitigation.