This report, published by the World Bank/REDD-net, examines the nature of Indonesia’s Reducing Emissions from Deforestation and Forest Degradation (REDD+) regulatory framework. The manner in which benefits from REDD+ should be distributed amongst actors from local to national level is a contested subject; the report describes the Indonesian Government’s draft rules for REDD+ investment, an alternative or complementary approach based upon the creation of a nationally managed revenue sharing system and the relationship between national and provincial rules. The paper provides an insight into the way global climate change initiatives are transposed to national and sub-national policy contexts.