A declaration issued by political leaders meeting at the G8 summit in L’Aquila, Italy, included a strong statement on the need to include forest conservation in a future climate agreement. Deforestation accounts for nearly 20 percent of global greenhouse gas emissions, a larger source of emissions than all the world's cars, trucks, ships, and airplanes combined.

"Aware that deforestation accounts for approximately 20% of annual CO2 emissions, and that forests are an essential repository of biological diversity and key to the livelihoods and rights of many people, we remain engaged in seeking the reduction of emissions from deforestation and forest degradation and in further promoting sustainable forest management globally," said the statement. Leaders said they would support efforts to reduce emissions from deforestation and forest degradation (REDD) by combatting illegal logging, addressing drivers of deforestation, and promoting "conservation, sustainable management of forests and enhancement of forest carbon stocks."
The following is the section of the declaration related to REDD:

Aware that deforestation accounts for approximately 20% of annual CO2 emissions, and that forests are an essential repository of biological diversity and key to the livelihoods and rights of many people, we remain engaged in seeking the reduction of emissions from deforestation and forest degradation and in further promoting sustainable forest management globally. We will: 

 a) support the development of positive incentives in particular for developing countries to promote emission reductions through actions to reduce deforestation and forest degradation. Considering that these measures will provide tangible results only in the medium term, it is also crucial to undertake early action initiatives to urgently tackle drivers of deforestation, and we will cooperate to identify innovative instruments in this respect, including through initiatives such as UN programme on Reducing Emissions from Deforestation and Forest Degradation, Forest Carbon Partnership Facility (FCPF) and the Informal Working Group on Interim Finance for Reducing Emissions from Deforestation and Forest Degradation (IWG-IFR);
b) continue to support efforts to reduce emissions from deforestation and forest degradation, including the role of conservation, sustainable management of forests and enhancement of forest carbon stocks, as set out in the Bali Action Plan. We continue to support REDD and will consider the inclusion of financial mechanisms within the future global agreement on climate change;
c) encourage cooperation and the use of synergies between the UNFCCC and other international forest-related processes, and promote national strategies developed in collaboration with relevant players, including governments, indigenous peoples and local communities, civil society groups and the private sector;
d) enhance cooperation with partner countries to combat illegal logging and trade in illegally-harvested timber, in accordance with our obligations under international agreements and building on our previous commitments and actions, including those under the Forest Law Enforcement and Governance (FLEG) processes. We reaffirm our intention to promote transparent timber markets and trade in legal and sustainably produced timber. In that regard, we will follow up, where appropriate, with concrete actions on the preliminary list of options presented in 2008 by the G8 Forest Experts Report on Illegal Logging;
e) reinforce international cooperation and information sharing for sustainable forest management, including use of forest resources, prevention and management of forest fires and monitoring of pests and diseases.
The United Nations Collaborative Programme on Reducing Emissions from Deforestation and Forest Degradation in Developing Countries (UN-REDD Programme)