Defined in Article 12 of the Kyoto Protocol, allows Non-Annex 1 countries to achieve sustainable development and contribute to the objective of the UNFCCC which is to prevent dangerous Climate Change and assist Annex 1 countries to achieve compliance with their quantified emission limitation and reduction commitments. It allows countries with reduction or emission-limitation commitment under the Kyoto Protocol (Annex 1 Party) to implement an emission-reduction project in developing countries. CDM allows for emissions reduction and removal. CDM projects that can be carried out in Non-Annex 1 countries include Afforestation/Reforestation; Energy; Waste Management, Transport etc. Projects in developing countries can earn certified emission reduction (CERs) credits (each CER is equivalent to one tonne of CO2). These CERs can be traded and sold, and used by Annex 1 countries to meet part of the emission reduction targets under the Kyoto Protocol. Two major features of any CDM project are: Additionality Technology transfer. Other conditions that have to be satisfied by a CDM project are: Permanence and Leakage.
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