"Developed countries have vowed to help the developing world get up to speed on REDD, and many say they’re putting up billions towards the effort. Few, however, have actually followed through on their promises, and those who say they have aren’t doing a good job of proving it. The REDD+ Expenditures Tracking Project aims to change that."

There is a nice article at the Website of Ecosystem Marketplace from Kelli Barrett. I just start to cite the first paragraph - read further at there site:

"Developed nations have pledged more than $7.3 billion to help developing countries get up to speed on REDD+, and $4.3 billion of that is slated to be delivered by the end of this year. With four months to go, however, it’s not at all clear how much of that money has been delivered or how it’s being used.

In an attempt to answer those questions through more efficient tracking of REDD+ finance, Forest Trends is implementing a project that will follow the REDD+ funding commitments made to 13 countries.

Launched in December, 2011, with funding from the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety’s International Climate Initiative, the Skoll Foundation and the Rights and Resources Initiative, the REDD+ Expenditures Tracking Project aims to achieve greater transparency in REDD+ financial flows that will better inform governments and aid organizations as to where their donations are going. 
 

You Paid for What?

The project launched more than a year ago but initially stalled because every respondent seemed to have his own definition of what constituted REDD+ – and, consequently, REDD+ financing.

“The difficulty for this project is trying to track REDD+ financial flows in multiple countries all using different definitions of REDD+,” says Marigold Norman, an Associate in Forest Trends Forest and Trade Finance program. “This is not just an issue of consistency, but it also widely impacts our understanding of the levels of funding going towards REDD+.”

This issue persists at the highest level, with the UN Voluntary REDD+ Database set up to track the levels of funding donors have reported spending and the amount of funding recipient countries report receiving. To date, reports on what donor governments have pledged and what the recipient countries have received rarely match up. This ‘financial gap’ may in part result from the lack of a clear definition of REDD+ finance."

Read further here...