It is foreseen that 70% of the total mitigation efforts proposed in the INDC can be achieved in the forestry sector, with special focus on REDD+ activities (Government of Peru, 2015b). Although many of the identified mitigation measures in the sector are deemed cost effective over their lifetime, progress towards implementation, as well as mobilization of private sector/finance has been slow. The main barrier identified is related to higher upfront costs, as the main actors are small-hold farmers with limited access to financial services and limited investment capital.