What is the Clean Development Mechanism (CDM) program?
The CDM is one of the three flexible mechanisms under the Kyoto Protocol (along with Joint Implementation and Emission Trading) used to help developed countries (Annex 1) achieve their emission reduction targets. The CDM assists in reducing global greenhouse emissions by steering finance to emerging economies (Non Annex 1) which may have otherwise chosen high-emission solutions such as fossil-fuel based electricity generation or manufacturing that does not use non-carbon capture technology. Overall, the CDM helps ensure emerging markets can employ some of the best “green” practices that exist worldwide. For more information, please click here.
