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Clean Development Mechanism (CDM)

An agreement, defined in Article 12 of the Kyoto Protocol, to allow a country with an emission-reduction or emissionlimitation commitment under the Kyoto Protocol (an Annex B Party) to implement an emission-reduction project in developing countries. Such projects can earn saleable Certified Emission Reduction credits, each equivalent to one tonne of CO?, which can be counted towards meeting Kyoto targets.

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