This document summarizes scenarios for reducing emissions from deforestation and forest degradation (REALU) in Peru. It provides background on Peru's forests and deforestation rates. It also discusses developing strategies to promote sustainable forest management, assessing carbon stocks in different land uses, defining deforestation and degradation, and addressing land tenure rights and governance challenges to mitigate external drivers of deforestation. The document models future deforestation trajectories and costs of mitigation opportunities to inform multi-stakeholder negotiations around REDD+ initiatives in Peru.