Clean Development Mechanism CDM

The Clean Development Mechanism allows developed Annex B countries with a greenhouse gas reduction commitment under the Kyoto Protocol to invest in projects that reduce emissions in developing countries. This is seen as a short- to medium-term opportunity to allow countries more time to reduce the emissions in their own countries.

There is some criticism of the mechanism, both in its operation and in its concept.

The CDM is overseen by the CDM Executive Board (CDM EB), which is under the guidance of the Conference of the Parties/Meeting of the Parties (COP/MOP) of the UNFCCC. CDM funds principally go to four countries: China, India, Brazil and the Republic of China, which account for around 80 per cent of the funds.

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