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Transitioning from the CDM to a Clean Development Fund

Grant Boyle, Jennifer Kirton, Rudi Lof, Tanya Nayler

DOI https://doi.org/10.21552/CCLR/2009/1/80



stitutions and instruments that will serve as the foundation of international climate cooperation over the coming decades. One of the major tasks will be to assess the performance to date of the Clean Development Mechanism (CDM). The CDM is an emissions trading offset system that allows developed countries to meet their Kyoto targets by investing in emissions reduction projects in developing countries, where greenhouse gas (GHG) abatement is expected to be cheaper than it is in developed countries. At the same time, the CDM has the added p

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