- The document discusses reducing emissions from deforestation and forest degradation (REDD+) and its core concepts, including: (1) REL which establishes a emissions reference level; (2) MRV which involves monitoring, reporting and verification of emissions reductions; and (3) roadmaps which lay out the steps for REDD+ implementation. - It also addresses how REL and MRV are used to quantify emissions reductions and generate carbon credits under REDD+. Baseline emissions are established and projects must demonstrate reductions below this level through MRV to be issued tradable credits. - Finally, it lists components that national REDD+ programs and projects should include such as safeguards, funding proposals, and phases