With the possibility of a new climate agreement being formed in 2015 at COP 21 in Paris, there is a vital need to restructure REDD+ for formal inclusion into such an agreement. There are two vital questions that need to be assessed if REDD+ is to be effective as a policy tool within the United Nations Framework Convention on Climate Change (UNFCCC). First, can REDD+ be financially self-sustaining if it remains as a fund based mechanism or will a market based system be more effective? Second, will REDD+ remain primarily a carbon offsetting mechanism or can it also deliver co-benefits (poverty alleviation, biodiversity conservation, and promoting indigenous rights protection)?
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