Clean Development Mechanism definition

Clean Development Mechanism or “CDM” means the mechanism defined as such in Article 12 of the Kyoto Protocol.

Clean Development Mechanism means a mechanism that allows emission-reduction projects in developing countries to earn certified emission reduction (CER) credits each equivalent to one tonne of CO2, which can be traded and sold, and used by industrialized countries to meet a part of their emission reduction targets under the Kyoto Protocol;

Clean Development Mechanism and “CDM” mean the mechanism defined in Article 12 of the Kyoto Protocol.

Examples of Clean Development Mechanism in a sentence

• Its return will be based on the Barclays Capital Global Carbon Index Excess Return Euro (BGCI), a world index that monitors the performance of carbon credits traded in the Emissions Trade Scheme (ETS) of the European Union and the Clean Development Mechanism (MDL).

• The Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC) relies heavily on the three flexibility mechanisms of Clean Development Mechanism (CDM), Joint Implementation (JI) and International Emissions Trading (IET) in order to facilitate the achievement of legally binding emission reduction targets of Annex 1 countries (industrialized countries and economies in transition).

• The Clean Development Mechanism (CDM), defined in Article 12 of the Protocol, allows a country with an emission-reduction or emission-limitation commitment under the Kyoto Protocol to implement an emission-reduction project in developing countries.

• The projects Lenovo supports currently comply with the Clean Development Mechanism.

• In addition, when the agreement was signed, each party adopted the political declaration on the environment, confirming their intention continue to pursue high level environmental protection, to promote public awareness, and to encourage and facilitate cooperative activities in the field of environment such as promotion of projects under Clean Development Mechanism (CDM).

More Definitions of Clean Development Mechanism

Clean Development Mechanism or “CDM” means the mechanism established under Article 12 of the Kyoto Protocol;

Clean Development Mechanism means the mechanism defined in Article 12 of the Protocol.

Clean Development Mechanism means a mechanism that allows emission-reduction projects in developing countries to earn certified emission reduction (CER) credits each equivalent to one tonne of carbon dioxide, which can be traded or sold, or used by industrialized countries to a meet a part of their emission reduction targets under the Kyoto Protocol;

Clean Development Mechanism means the Clean Development Mechanism established pursuant to Article 12 of the Kyoto Protocol.

Clean Development Mechanism means a project-based mechanism as defined in Article 12 of the Protocol,

Clean Development Mechanism or "CDM" means the initiative under Article 12 of the Kyoto Protocol whereby certain parties included in Annex I may use CERs accruing from projects qualifying as CDM projects under the terms of such Article 12.

Clean Development Mechanism means a procedure under which developed countries may finance greenhouse-gas emissions-avoiding projects in developing countries in order to receive credits for doing so which they may apply towards meeting mandatory limits on their own emissions;