 Complete the following phrase:  In December 2007, at the Climate Change Conference in Bali, the issue of deforestation in the developing world in particular was raised and discussed. The foundations of a new incentive mechanism for encouraging sustainable forest management measures was therefore laid in hopes of reducing world deforestation rates. This mechanism was formalized and adopted as REDD in November 2010 at the Climate Change Conference in Cancun by UNFCCC COP 16. Developing countries who are signatories of the 