Definition of Clean Development Mechanism

This is a carbon trading system, established by the Kyoto protocol, designed to direct funds from wealthy countries to developing nations to cut greenhouse gases. [1].

 

The United Nations’ Clean Development Mechanism was intended to offer rich countries an efficient market mechanism to achieve some of their emission-cutting obligations at a lower cost by installing green technology in developing countries. Since the Kyoto Protocol came into force in 2005, more than 1,800 projects have been registered. [2]

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Q&A: The Clean Development Mechanism
Interactive graphic: The UN’s carbon trading system in numbers

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