Clean Development Mechanisms

The Clean Development Mechanism (CDM) refers to a market mechanism for achieving greenhouse gas emissions reduction and is defined in Article 12 of the Kyoto Protocol - an international treaty for emissions reductions.  CDM allows an industrialized/developed country with an emission-reduction or emission-limitation commitment under the Kyoto Protocol (called as Annex I Party or Annex B Party of the original Kyoto Protocol signed in 1997) to implement an emission-reduction project in any of those developing countries (which may otherwise be not financially capable of undertaking such projects), thereby earning them tradable Certified Emission Reduction (CER) credits, each equivalent to one tonne of CO₂. ________ ______ ____ _________ _________ ______.
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