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A key lever to mitigate global climate change is the reversal of forest carbon emissions trends throughout the Global South. Reduced Emissions from Deforestation and Forest Degradation (REDD+) initiatives seek to conserve forest carbon stocks primarily through national and sub-national policies and interventions. Dominant drivers of forest change are, however, increasingly international in scope, tied to global commodity markets and investment flows, and are not easily captured or effectively addressed through nation-based carbon accounting. The fragmentary adoption of REDD+ across forest nations leaves room for the displacement of deforestation from early-adopters and countries with more rigorous carbon-related regulatory regimes to late-adopters of REDD+. While this displacement is expected to be substantial, our empirical understanding of the causal pathways of transboundary displacement remains …