Almost three years ago, the United States launched a major effort to help tropical forest nations dramatically reduce deforestation, one of the primary sources of climate pollution. In a new report jointly published with Resources for the Future, Climate Advisers director of research and policy Michael Wolosin assess progress of this effort to date. The analysis breaks down the agency and programmatic sources of U.S. forest-climate finance, and takes a close look at where funding is going by country, by region, and by strategy. It identifies a few gaps between the program’s existing objectives and strategies and their implementation that can and should be corrected. It also identifies changes in the global strategic landscape for REDD+, and recommends two important new directions for expanding the U.S. approach to reducing deforestation beyond the existing strategy.