Clean Development Mechanism. 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.
Clean Development Mechanism. 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.
Clean Development Mechanism. One of the three Kyoto mechanisms, the CDM aims to promote sustainable development in developing countries as well as to help Annex I Parties achieve compliance with their QELRC s. It allows Annex I countries to invest in emission-saving projects in developing countries and gain credit for the savings achieved through the generation of CERs that they can use to contribute to compliance with part of their QELRCs. The CERs will be added to Annex I Parties' assigned amounts.