 Thanks, William. It's great to be here. Welcome everybody to the this side event. That's already been described So I want to repeat that in the interest of time It's really great to be here in a cop in an Amazon country Even if we technically are in the desert right now, but it's it really provides a new perspective on the efforts that we are all going into The along the efforts that are behind this side event I want to speak a little bit from seafor's end of the spectrum that of course seafor has been involved in for a very long time Since red's inception seven years ago and always provided This is long before my time so I can't take all much credit for it But provided a lot of new insights at at the cop meetings ever since this year. We are Focusing on two things one is the subnational initiatives, which is pretty much represented in this side event and the other is safeguard information systems Which will be dealt with in sessions in the global landscapes forum over the weekend So on subnational initiatives, it really provides us with a whole new perspective on the red effort And I think this is really really interesting and useful It really provides the conditions and the context on the ground that we are actually operating in and also provides the Conditions and the context of the policy actions that we need to deploy So this is really where the rubber is hitting the road. I'm really interested to hear from from the panelists on On their experiences here and also Of course, one of the backgrounds is the launch of seafor's book this year It's good carbon storage It contains 23 case studies of subnational initiatives. It's really interesting reading It really provides a lot of insights and of course William will present much more in detail what this is all about In the introduction of this book it says Among other things that subnational initiatives are the laboratory in which the red experiment is being conducted I think that's a very nice link to the science and research that needs to go underpin the red effort And and as as William already said is red going in the right direction There are some challenges sure, but I think there is a great deal of reasons for optimism as well clearly the the payment part and the money part of red is is Crucial, but I think the studies on subnational initiatives reveals a whole range of other Issues and outcomes that are necessary. So so we were finding a much more interesting combination of issues Clearly the variation is great as William mentioned already We need to embrace that variation when we deploy red in different parts of the world. So I Guess my main point here is that we need to see red in context to a much higher degree than perhaps we did initially Red in context meaning read in the context of realities on the ground and embrace the variation on the complexities complexities on the ground and in my view if I can do some marketing here I think this comes pretty close to the ideas on the landscapes approach that we're going to debate over the weekend It's really a lot of things going on on the ground and red is one of them I'm sure we can I'm convinced that we can deliver on the red priority within all these priorities on on the ground, but We need to figure out the synergies with other objectives other priorities it needs the wisdom that we will hear about in the side event from all the rest of the speakers and I Think that we can zoom out and put the red context in F in in context And that's really what this item is all about. Thank you very much and welcome again