The answer, to judge by a United Nations panel looking into the workings of the Clean Development Mechanism (CDM) is: you'd say it is a shambles.The CDM was set up under the Kyoto protocol to get developing countries to do their bit to reduce carbon emissions.
The Chinese government, realising how much money there is in this business, has imposed a tax of 65% on revenues from it, and in February this year it launched its own $2 billion CDM fund.
The most prominent is the Clean Development Mechanism (CDM) of the Kyoto protocol, the United Nations' treaty on climate change.
True, carbon belchers in the rich world have the right to offset their emissions by paying for activities in the poor world that help retain carbon, under a deal called the Clean Development Mechanism (CDM).
So, they think, could the UN's Clean Development Mechanism (CDM), which finances greenhouse-gas reduction measures in developing countries to offset emissions in rich ones.Much more to doThese estimates work on the basis of current policies.
"How on earth can we not afford to make this work?" he asks.But if it is to work, REDD must address the failings of the UN's Clean Development Mechanism (CDM), which forms part of the Kyoto protocol, the 1997 treaty that aims to curb greenhouse gases.
The first is the Clean Development Mechanism (CDM), a scheme whereby companies in rich countries outsource their obligation to cut carbon emissions, by sponsoring carbon-cutting schemes in poor countries.
Luckily for them, Taiyanggong has qualified for funding under the UN's Clean Development Mechanism (CDM), which enables rich countries to offset carbon emissions by paying for carbon cuts in developing ones.
But to make these cuts easier to achieve, and to begin to involve poor countries in the fight against global warming, the treaty also set up the CDM.
They argue that rich countries have not made enough use of the Clean Development Mechanism (CDM), a scheme under Kyoto that lets countries with emissions-reduction targets meet them in part through projects in poor countries.
The Kyoto protocol established the Clean Development Mechanism (CDM), under which developing countries that reduce their industrial emissions can sell those reductions to rich countries.
