Peru has over 69 million hectares of forest, making up 60% of its national territory. It is undergoing a process of decentralization, with regional governments taking on more responsibilities. Peru's approach to REDD+ implementation involves aligning sub-national projects and initiatives with national and regional readiness processes through regional REDD roundtables. The approach aims to build REDD+ from the local to national levels through developing a national REDD+ strategy, reference emission levels, an MRV system, and other elements, while recognizing the contributions of sub-national initiatives. Key outputs expected in the readiness phase include developing the national REDD+ strategy, reference levels, an MRV system, and financial mechanisms.