Climate change financing has been at the forefront of innovations in forest financing in the past decade. Reducing emissions from deforestation and forest degradation (REDD+) has become a priority within new climate-change related foreign aid. USD 5.5 billion for REDD+ was pledged internationally from 2010-2012 alone, and REDD+ will be part of an emerging USD 100 billion in climate finance from 2013- 2020. In addition, climate change financing does not only consist of REDD+ but also includes other innovative mechanisms and initiatives, including adaptation financing and funds from private sources. Because new funding for REDD+ and other climate change initiatives nests within the larger range of financing for Sustainable Forest Management (SFM), the ninth session of the United Nations Forum on Forests Forum requested its Secretariat �to examine the implications of new and emerging forest-related financing initiatives relating to the three Rio Conventions on broader forest financing�. This project responds to this request by determining how climate change financing can contribute the implementation of sustainable forest management (SFM), and by enabling developing countries to better access these funds. First, the project will identify current opportunities for forest finance by surveying all known existing and pledged forest funding for forests, resulting in a global policy study on the thematic and geographic opportunities and gaps SFM and REDD+ finance. Building on this, the project will include three subregional studies and corresponding workshops for national and subregional decision makers (ministries of forestry, climate, and foreign affairs in developing countries) on the sources and distribution of financing for REDD+ and SFM. The workshops will enhance their capacity to secure such funds. During a second phase, the project will provide advisory services in three host countries, conducting a stakeholder analysis and proposing a strategy to harness climate change financing for forests. Consultants hired for this purpose will then follow up with assisting host organizations in the implementation of the strategy. This will enhance national capacity to attract financing for REDD+ and SFM.