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 CBD were encouraged to take measure to implement REDD activities in the hope of becoming more active contributors of global efforts aimed at the mitigation greenhouse gas, as deforestation and forest degradation account for roughly 15% of total global greenhouse gas emissions. The REDD activities are formally tasked with "reducing emissions from deforestation and forest degradation; and the role of conservation, sustainable management of forests and enhancement of forest carbon stocks in developing countries". REDD+ works in 3 phases. The first phase consists of developing viable strategies, while the second phase begins work on technology development and technology transfer to the developing countries taking part in REDD+ activities. The last phase measures and reports the implementation of the action taken.