A Kyoto Protocol program that enables industrialized countries to finance emissions-avoiding projects in developing countries and receive credit for reductions achieved against their own emissions limitation targets. See Kyoto Protocol.
A mechanism that allows emission reduction and afforestation/reforestation projects to be implemented in developing countries that have ratified the Kyoto Protocol. CDM projects earn Certified Emission Reductions for the emission reductions/removals achieved.
The Clean Development Mechanism is when a project undertaken in a developing country generates reductions in greenhouse gas emissions, it contributes to the host country's sustainable development, and it accrues emission reduction credits. These credits - Certified Emission Reductions (CERs)- can be used to contribute to the emission reduction commitments of industrialized countries. Article 12 of the Kyoto Protocol defines CDM.
A provision within the Kyoto Protocol that will allow countries to obtain credit for greenhouse gas reduction projects undertaken in developing countries.
Defined in Article 12 of the Kyoto Protocol, the Clean Development Mechanism is intended to: (1) assist developing countries in achieving sustainable development and in contributing to the ultimate objective of the UN Framework Convention on Climate Change; and (2) assist industrial countries in achieving compliance with their quantified emission limitation and reduction commitments. It does this by allowing investors to receive credits (Certified Emission Reductions - CERs) towards their Kyoto obligations from new projects that reduce greenhouse gas emissions in developing countries. The Clean Development Mechanism focuses on investments in developing countries; Joint Implementation (JI) focuses on projects within industrialised countries (Annex 1). Back up
A provision in the Kyoto Protocol that enables industrialized countries to finance emissions-avoiding projects in developing countries and receive credit for doing so.
Possible agreements between Annex I and non-Annex I Parties as defined in Article 12 of the Kyoto Protocol to help reduce greenhouse gas emissions.
The Kyoto Protocol establishes the CDM to enable industrialized countries to finance emissions-avoiding projects in developing countries and receive credit for doing so.
A market mechanism defined in the Kyoto Protocol (Article 12) as a project between a developed country and a developing county that provides the developing county with the financing and technology for sustainable development and assists the developed country in achieving compliance with its emission reduction commitments.
One of the three flexible mechanisms established by the Kyoto Protocol. The instrument is flexible, because it allows industrialized countries to invest in emission reduction projects in developing countries with potential for cost-effective emission reductions (see box 5).
The CDM is a mechanism established by Article 12 of the Kyoto Protocol for project-based emission reduction activities in developing countries.
Mechanism under the Kyoto Protocol for trading in emission reductions between industrialized and developing countries through joint projects.
One of the Kyoto Protocol's flexibility mechanisms. Ownership of emission reductions from specific projects can be transferred between an Annex I country and a developing country (not in Annex I) if those projects "assist [developing country parties] in achieving sustainable development," have "real, measurable and long-term benefits related to the mitigation of climate change" and lead to net emission reductions that are "additional to any that would otherwise occur." Emission reductions obtained from these projects between 2000 and 2007 can be transferred to the period 2008-2012. ()
The opportunity for countries or companies to acquire Certified Emission Reductions (CER) that can be used to meet their own commitments by investing in projects in developing and newly industrializing countries (without themselves having to reduce emissions).
One of the three market mechanisms established by the Kyoto Protocol. The CDM is designed to promote sustainable development in developing countries and assist Annex I Parties in meeting their greenhouse gas emmissions reduction commitments. It enables industrialized countries to invest in emission reduction projects in developing countries and to receive credits for reductions achieved.