Publication date
Objective
Approach
Smaller energy projects are often well suited to developing countries but find it difficult to attract funding. The Kyoto Protocol, which sets targets for industrialised countries to reduce greenhouse gas (GHG) emissions, has established the Clean Development Mechanism (CDM) to help fund such projects.CDM initiatives allow developed
countries to fund projects that reduce GHG emissions in developing countries.
These projects produce a reduction in GHG emissions that gain a certified
value, which are sold in ‘carbon markets’. Larger GHG emitters can buy ‘carbon
