Clean Development Mechanism - Definition, glossary, details
CDM stands for Clean Development Mechanism
which is a mechanism defined in Article 12 of the Kyoto protocol to achieve the
following 2 objectives:
1.
To
assist countries not included in Annex I countries (especially developing
countries) in contributing to the sustainable development which is to prevent
climate change.
2.
To
assist Annex I countries in achieving compliance with their greenhouse gas
reduction commitment.
Under CDM, the developed countries that have a
commitment to reduce greenhouse gas emissions under Kyoto protocol can invest
in green projects in developing countries. In this process they can claim the
carbon credits equivalent to the reduction in the amount of CO2
emissions.


