Many a times we read in the newspapers about Clean Development Mechanism. Which among the following is not a correct sentence regarding CDM?
Q. Many a times we read in the newspapers about Clean Development Mechanism. Which among the following is not a correct sentence regarding CDM?
Answer: It is an arrangement under Geneva Protocol
Notes: The Clean Development Mechanism was defined in the Kyoto Protocol which provides for emissions reduction projects. It allows industrialized countries with a greenhouse gas reduction commitment to invest in projects that reduce emissions in developing countries as an alternative to more expensive emission reductions in their own countries. The CDM allows net global greenhouse gas emissions to be reduced at a much lower global cost by financing emissions reduction projects in developing countries where costs are lower than in industrialized countries.

 

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