Many a times we read in the newspapers about Clean Development Mechanism. Which among the following is not a correct sentence regarding CDM?

[A] 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
[B] 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
[C] It is an arrangement under Geneva Protocol
[D] It is an arrangement under Kyoto Protocol

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