Indonesia's initial regulations on reduce carbon emissions from deforestation and degradation plus (REDD+) were some of the earliest national regulations to be proposed by a REDD+ country and they resembled the 'nested' proposal (Pedroni et al., 2007). Under this approach, entity level carbon trading from emissions reductions in REDD+ projects can be carried out by the private sector, NGOs or communities, but under national regulations. While there is still intense debate in Indonesia as to how exactly REDD+ revenues might be shared between national and local levels, the different policy proposals give some insight into the options. Initial plans for the sharing of financial benefits from REDD+ between national and local levels therefore proposed that they be governed (at least on paper) by these different criteria. The revenue rules under the REDD regulations were first proposed in forestry department decrees 30, 36 and 68 although were quickly subject to intense political debate and a review that aimed at removing rules that overlap or clash. The draft rules on benefit sharing outline 11 different options depending on the type of licence held and the type of forest. The revenue split between government, communities and the project developer would vary between 10 percent - 50 percent for government, 20 percent - 70 percent for communities and 20 percent - 60 percent for project developers. These revenues would accrue from the sale of REDD+ credits. The national government plays