PART III THE KYOTO PROTOCOL MECHANISMS, 12 Interpreting the Additionality of CDM Projects: Changes in Additionality Definitions and Regulatory Practices over Time »
Michaelowa AxelFrom: Legal Aspects of Carbon Trading: Kyoto, Copenhagen, and beyond
Edited By: David Freestone, Charlotte Streck
The Clean Development Mechanism (CDM) is the only policy instrument under the Kyoto Protocol that mobilizes greenhouse gas emissions reductions in developing countries. The basic idea of the CDM is based on the principle of offsetting emissions—one tonne of CO2 eq reduction from a project in developing countries generates an emissions credit (Certified Emissions Reduction, CER) of 1 t CO2 eq that can be used by industrialized countries for compliance with their Kyoto targets. To ensure the environmental integrity of the overall Kyoto Protocol system, it is...