Given the lack of a multilateral convention on forests, global deforestation is being addressed through various initiatives, public and private, local and global. Since 2005, the creation of a mechanism for addressing deforestation (among other things) has been moving forward within the United Nations Framework Convention on Climate Change (UNFCCC) regime. Known as REDD+, it is meant to provide incentives to developing countries in return for forest conservation, with the goal of reducing greenhouse gas emissions. REDD+ could lead to lower levels of deforestation and forest degradation, and to the incorporation of customary governance arrangements in national policy instruments, albeit with some risk of centralisation of forest governance. It could also have a negative social and environmental impact if too much emphasis is put on carbon without adopting the proper social and environmental safeguards.