Forests play an important role in climate change by both emitting and absorbing carbon dioxide. At the UNFCCC COP13 in Bali, parties agreed to address reducing emissions from deforestation and forest degradation in developing countries (REDD). India advocates a comprehensive approach to REDD+ that provides incentives for conservation, sustainable forest management, and increasing forest carbon stocks. Recent studies estimate that India's forest carbon stocks have increased by over 370 million tons between 1995 and 2005.