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Clean Development Mechanism (CDM)

Abstract: 
A market-based mechanism defined in Article 12 of the Kyoto Protocol that allows industrialized countries to reach their greenhouse gas (GHG) reduction targets by implementing emission-reduction projects in developing countries. “A CDM project activity might involve, for example, a rural electrification project using solar panels or the installation of more energy-efficient boilers.” Such projects earn a country certified emission reduction (CER) credits, each equaling one ton of CO2. This landmark cost-effective mechanism stimulates green investment and sustainable development.
Author: 
jessica.choi@wellesley.edu
Institution: 
United Nations
Year: 
1997
Input By: 
Jessica Choi
Affiliation: 
MIT
Region(s): 
Industry Focus: 
Energy
Country: 
United Nations
Datatype(s): 
Agreements