This document discusses land and forest use and governance. It notes that land use is surprisingly neglected in global governance due to sovereignty issues. Forests are governed by a complex regime including FLEGT and REDD+. Carbon sinks could store over 200 gigatons of carbon if tree restoration increased forest cover by 0.9 billion hectares. However, climate change may reduce potential forest cover by 223 million hectares by 2050. The document argues that land should be considered a global commons and governed accordingly due to its provision of universal public goods like carbon sequestration, clean water, and resources. Global cooperation can build on local initiatives using principles like financial instruments.