This paper looks at the political economy of carbon forestry and REDD+ in Mozambique in view of goals for climate compatible development, i.e. simultaneously addressing emission reduction, adaptation and development. Mozambique is one of the world’s poorest countries and one of the most at risk from the effects of climate change. At the same time, the country has considerable forest resources and is well placed to take advantage of future public or private funding for carbon forestry and REDD+. The paper asks how debates and decisions on REDD+ in Mozambique may shape outcomes for different groups. Using a political economy framework, the paper considers actor perspectives, interests and interrelations in the broader institutional and politi...