the Clean Development Mechanism (CDM), states with quantified emissions targets under the Kyoto Protocol (Annex I Parties) may meet part of their targets through the acquisition of certified emission reductions (CER) from mitigation projects in developing countries. In order to be eligible as CDM projects, these activities should meet certain requirements: they should result in real, long-term and measurable emission reductions and contribute effectively to the sustainable development of the host country. The CDM experienced a so called “e