CLEAN DEVELOPMENT MECHANISM

Clean Development Mechanism: translation

Clean Development Mechanism ( CDM)

The Clean Development Mechanism ( CDM) is an arrangement under the Kyoto Protocol allowing industrialised countries with a greenhouse gas reduction commitment (so-called Annex 1 countries) to invest in emission reducing projects in developing countries as an alternative to what is generally considered more costly emission reductions in their own countries. The CDM is supervised by the CDM Executive Board (CDM EB) and is under the guidance of the Conference of the Parties ( COP/MOP) of the United Nations Framework Convention on Climate Change (UNFCCC). Exchange Handbook Glossary