Clean Development Mechanism (CDM)

Established by Article 12 of the Kyoto Protocol, evolved from a Brazilian proposal, and stipulated throughout the COP 3 negotiations, the clean development mechanism (CDM) is the only of the three mechanisms introduced by the Protocol that include developing countries.

Its two fundamental objectives are to advise the Climate Change Convention Annex I countries to meet their greenhouse gases emission reduction targets at a lower cost and, at the same time, help developing countries achieve sustainability. In summary, the CDM allows the implementation of projects in countries not included in the Convention’s Annex I to remove greenhouse gases from the atmosphere, allowing for the creation of certified emission reductions (CERs), representative of credits.

The CDM is, therefore, the market instrument of the Protocol applicable to Brazil.

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Forms of land-use and land-management, in which trees or shrubs are used together with crop and/or animals in the same area, simultaneously or in a sequence of time. They must include at least one tree or shrub forest species, which can be combined with one or more...

Parties

Refer to the countries that are part of a convention. These can be individual countries or economic blocs, such as the European Union.

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The fact of existing outside the perceiving subject. This economic phenomenon can be categorized as positive or negative when, in the price of the good placed on the market, the social gains and losses resulting from its production or consumption, respectively, are...