The Clean Development Mechanism (CDM) is a part of the United Nations Framework Convention on Climate Change (UNFCCC). As the largest regulatory project-based mechanism, the CDM offers the public and private sector in high-income nations the opportunity to purchase carbon credits from offset projects in low or middle-income nations. A CDM allows emission-reduction projects in developing countries to earn certified emission reduction (CER) credits, and its private sector operators an option to attract a hard currency revenue stream by selling carbon credits from projects that reduce greenhouse gas emissions.
Related Definitions in the Project: The HSE Management
