How do developing countries benefit from CDM?
The Kyoto Protocol (Article 12) states : The purpose of the Clean Development Mechanism shall be to assist Parties not included in Annex I in achieving sustainable development and in contributing to the ultimate objective of the Convention, and to assist Parties included in Annex I in achieving compliance with their quantified emission limitation and reduction commitments. The idea was that developed countries get some flexibility in emission reductions in exchange for bringing investment into developing countries for projects and technologies that reduce green house gases. International Buyers of CDM, Country governments in Annex I are the ultimate beneficiaries of CERs. However several private players are also involved in CDM, acting as brokers and intermediaries. Private funds that buy and sell CERs are also active.
