While this protocol enforced many restrictions upon the developing countries, it failed to enforce same tight measures upon the developed world. In fact developed world are the major culprits as far as the environmental problems are concerned. CDM was the flexibility mechanisms aimed to reduce the commitments of developing countries as far as emission reduction is concerned. This paper briefly analyses the CDM mechanism.
The Clean Development Mechanism (CDM), defined in Article 12 of the Protocol, allows a country with an emission-reduction or emission-limitation commitment under the Kyoto Protocol to implement an emission-reduction project in developing countries”. Such projects can earn saleable certified emission reduction (CER) credits, each equivalent to one tone of CO2, which can be counted towards meeting Kyoto targets (Clean Development Mechanism (CDM), n. d).
Flexibility mechanisms were introduced in the Kyoto Protocol by United States in order to safeguard their interests. Even though, the developing countries are still not happy with the Kyoto Protocol, they agreed to implement it. Perhaps United States is the greatest contributor to the environmental problems because of the heavy industrialization and automobile usages in America. At the same time they are trying to restrict the green house gas emission from the developing world without taking serious steps in reducing their own greenhouse gas emissions. America is trying to educate the world that emission cut costs in developing world are less compared to that in the developed world and hence they are trying to enforce more restrictions upon the developing world. At the same time, if the developing world enforces too many restrictions upon greenhouse gas emission, their economic growth would be seriously affected. In other words, the developing world is suspecting the sincerity of America is pressing the developing world to reduce greenhouse gas emission. Many people believe that