CDM is a trading arrangement within the Kyoto Protocol based on the idea that carbon dioxide emission reductions could occur in developing countries in lieu of similar reductions in the industrialized world that would be more expensive. It was originally intended to advanced low-carbon technologies in the developing world, while providing industrialized countries some breathing room to reduce their own emissions.
For instance, if a promoter set up a wind farm instead of a coal-fired power plant in Namibia, he or she could generate “Carbon Credits” that could be sold to, say, Germany to offset its emissions reduction target under Kyoto. Namibia would thus have access to a “new” technology that it might not otherwise have opted for and Germany could continue to use an existing coal-fired power plant for a few more years instead of having to decommission it to meet Kyoto targets.
CDM has become a cash cow for project developers. A vast majority of credits generated from CDM in India and China (both leaders in CDM projects) are for the decomposition of trifluoromethane, a technology readily available. – S. C. Rajan
For instance, if a promoter set up a wind farm instead of a coal-fired power plant in Namibia, he or she could generate “Carbon Credits” that could be sold to, say, Germany to offset its emissions reduction target under Kyoto. Namibia would thus have access to a “new” technology that it might not otherwise have opted for and Germany could continue to use an existing coal-fired power plant for a few more years instead of having to decommission it to meet Kyoto targets.
CDM has become a cash cow for project developers. A vast majority of credits generated from CDM in India and China (both leaders in CDM projects) are for the decomposition of trifluoromethane, a technology readily available. – S. C. Rajan
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