What is CDM?
About the CDM
There are currently more than 1890 registered CDM projects in 58 countries, and about
another 2300 projects in the project validation/registration pipeline. Based on estimates in
submitted project design documents, the CDM could generate more than 2.9 billion certified
emission reductions by the end of the first commitment period of the Kyoto Protocol in 2012,
each equivalent to one tonne of carbon dioxide.
Clean Development Mechanism
The CDM allows emission-reduction (or emission removal) projects in developing countries to earn certified emission reduction (CER) credits, each equivalent to one tonne of CO2. These CERs can be traded and sold, and used by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol.
The mechanism stimulates sustainable development and emission reductions, while giving industrialized countries some flexibility in how they meet their emission reduction limitation targets.
The projects must qualify through a rigorous and public registration and issuance process designed to ensure real, measurable and verifiable emission reductions that are additional to what would have occurred without the project. The mechanism is overseen by the CDM Executive Board answerable ultimately to the countries that have ratified the Kyoto Protocol.
- In order to be considered for registration, a project must first be approved by the Designated National Authority