This paper takes stock of developments in Asian and Pacific countries as they prepare to take advantage of emerging financial incentives for forest conservation created through the "REDD+" approach for reducing carbon dioxide emissions from deforestation and forest degradation, and other actions that conserve and enhance forest carbon stocks. The paper contributes to the active dialogue on how best to organize for good knowledge management and coordination in Asia and the Pacific for implementing the REDD+ approach. Countries of the region, and especially those of Southeast Asia, have the potential to significantly contribute to mitigating global climate change through forest conservation with incentives provided through REDD+ payments. Current REDD+ arrangements and actions in the region are reviewed along with the extent to which existing multilateral and bilateral REDD+ support mechanisms are allocating their time and resources to support countries of the region. Asian and Pacific countries are receiving considerable support, and coordination is improving as all try to use the new REDD+ incentives to address the major drivers of deforestation in the region.