AbstractReducing emissions from deforestation and degradation (REDD+) has developed into one of the most important carbon governance mechanisms that the international community has at its disposal in the fight against climate change. Deforestation and degradation, particularly in the tropics, constitute one of the major drivers of climate change, the avoidance of which is often portrayed as one of the most effective and efficient options for mitigation. Whether the potential of REDD+ can really be used depends, however, not only on technical issues but even more on how the evolving mechanism is governed on various levels, ranging from the local to the international. The following article analyses some key aspects of REDD+ governance focusing on finance, legal issues, institutional considerations, and potential additional benefits. WIREs Clim Change 2012, 3:107–113. doi: 10.1002/wcc.155This article is categorized under: Policy and Governance > Multilevel and Transnational Climate Change Governance