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clean development mechanism

Alternative labels (en):
In scheme: Broader: Related: Definition (en):

A mechanism under the Kyoto Protocol through which developed countries may finance greenhouse-gas emission reduction or removal projects in developing countries, and receive carbon credits - Certified Emission Reductions, CER - for doing so which they may apply towards meeting mandatory limits on their own emissions. (Available from: Unfccc website, Glossary of climate change acronyms)