The document discusses some benefits and costs of REDD programs, sustainable forest management, and issues related to forest governance. Some potential benefits include REDD credits, sustainable timber and non-timber products, poverty alleviation, and capacity building. Some costs include opportunity costs versus commercial logging, and costs of monitoring. Sustainable forest management requires understanding forest functions and multiple uses from environmental, economic, and social perspectives. Effective forest governance requires tenure security, transparency, empowerment, accountability, and equity.