Question

Clean Development Mechanism

09 Aug 2017
Answer :
Word Count : 453

The Clean Development Mechanism (CDM) is a project-based flexible offset mechanism under the Kyoto Protocol that allows the crediting of emission reductions from greenhouse gas (GHG) abatement projects in developing countries. The CDM has two purposes: it should assist developing countries to achieve sustainable development and help industrialised countries to reduce the costs of greenhouse gas abatement.

CDM is one of the three market-based mechanisms set up under Kyoto Protocol, the other two being - Joint Implementation and emissions trading or commonly called as carbon trading, which provides for trading of (a) spare emission units available with any entity (savings

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