What Does CDM Stand For?
CDM stands for Clean Development Mechanism
The Clean Development Mechanism (CDM) is a market-based approach established under the Kyoto Protocol that allows industrialized countries to invest in greenhouse gas emission reduction projects in developing countries as a means to meet their own emissions reduction targets. The CDM not only facilitates sustainable development in host countries by providing financial resources for environmentally friendly projects but also enables developed nations to achieve cost-effective emission reductions. This mechanism aims to promote an overall reduction in global greenhouse gas emissions while fostering technology transfer and economic growth in emerging economies.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym