Project Delivery—CDM Projects

The Clean Development Mechanism (CDM) is one of three flexible emission reduction mechanisms flowing from the 1997 Kyoto Protocol [11], where certified emission reduction credits or units (commonly referred to as CERs or carbon credits) are generated in developing countries for use by industrialised countries (referred to as Annex 1 parties— [11]) in achieving their emission reduction targets. Although the Protocol expired on 31 December 2012, the eighteenth session of the Conference of the Parties (COP 18) in Qatar (UNFCCC, What is the CDM. http://cdm.unfccc.int/about/index.html, [12]) extended the duration of commitments to 31 December 2020.