The ideal solution for forests in a new climate agreement would need to meet criteria of effectiveness, efficiency, and equity according to the document. It summarizes that the solution would need to provide significant and timely emissions reductions while avoiding waste, and protect the poor and vulnerable. A phased approach combining public funds with market-based sources is suggested to generate sufficient finance over time in a way that matches country needs and situations. Common international standards for monitoring reporting and verification as well as safeguards for use of funds are also recommended to maximize equity and manage expectations.