Topics / Environment
Clean Development Mechanism
Asked 1 times in UPSC Prelims · first asked 2009 · last asked 2009
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In the context of CO2 emission and Global Warming, what is the name of a market driven device under the UNFCC that allows developing countries to get funds/ incentives from the developed countries to adopt better technologies that reduce greenhouse gas emissions?
2009Environment
In the context of CO2 emission and Global Warming, what is the name of a market driven device under the UNFCC that allows developing countries to get funds/ incentives from the developed countries to adopt better technologies that reduce greenhouse gas emissions?
Explanation
The Clean Development Mechanism (CDM) is a market-driven device under the UNFCC that enables developing countries to receive funds or incentives from developed nations for adopting improved technologies that reduce greenhouse gas emissions. This mechanism, as outlined in Article 12 of the Kyoto Protocol, allows countries with emission-reduction commitments to carry out projects in developing countries to reduce emissions.