The rise or fall of CDM
European Commission proposals to limit the use of Clean Development Mechanism credits post-2012 came as a surprise to many carbon market participants. Kristian Tangen and Kjetil Røine of Point Carbon discuss the implications
The Clean Development Mechanism (CDM) is a key component of the Kyoto Protocol, currently far more widely used than the other flexible mechanism, Joint Implementation (JI). Under the CDM, businesses in countries with Kyoto targets can invest in emissions reduction projects in developing countries that don't have binding Kyoto targets. The credits generated - certified emissions reductions (CERs) -
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