CDM defined by Kyoto protocol (IPCC, 2007) that provides emission reduction projects which allows to trading of certified emission reduction units.
There are mainly 2 objectives of this protocol
1. Assist parties not in the agreement in achieving sustainable development and in contributing to the ultimate objective of the UN frame work Convention on Climate change (UNFCCC), which prevent climate changes all over the world.
2. Assist those who in the agreement in achieving compliance with their their quantified emission limitation and reduction commitments. (greenhouse gas (GHG) emission caps)
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