New study reveals that the Clean Development Mechanism (CDM) is not working
A new study of the German research group Öko-Institut found that a mere 2 per cent of projects under the clean development mechanism (CDM) had a high probability to lead to additional reductions in greenhouse gas emissions. The poor performance of the CDM reflects badly on a central pillar of the 1997 Kyoto Protocol, which was thought to give poor countries access to new technologies and financial means.