The Clean Development Mechanism (CDM) is one of two project-based flexible mechanisms of the Kyoto Protocol. Its dual goals are to promote sustainable development in developing countries and to allow industrialized countries (Annex I countries) to earn emissions credits from their investments in emission-reducing projects in developing countries (non-Annex I countries).
Article 12 of the Kyoto Protocol identifies three specific goals for the CDM: to assist in the achievement of sustainable development, to contribute to the attainment of the environmental goals of the Framework Convention, and to assist Annex I parties to comply with their emissions reduction commitments.
Article 12 also stipulates that emission reductions resulting from each project activity shall be certified on the basis of: voluntary participation approved by each party involved; real, measurable, and long-term benefits; and reductions in emissions that are additional to any that would occur in the absence of the certified project activity. In addition, it specifies that developing countries are to benefit from CDM projects resulting in "certified emission reductions" (CERs) and that industrialized countries may use CERs to comply with their quantified emissions reduction commitments under the Kyoto Protocol. Because many abatement opportunities are less expensive in developing countries, this increases the economic efficiency of achieving initial greenhouse gas emissions reductions.
Files For Download:
Entering the Carbon Market: CDM Project in Israel, Israel Environment Bulletin, Vol. 31, October 2006
56K
Promoting Kyoto’s Clean Development Mechanism, Israel Environment Bulletin, Vol. 28, January 2005
120K
Presentation on Climate Change in Israel: Programs of Activities under the CDM