Carbon MarketSeptember 3, 2021

The SDG Vertical, in collaboration with Union Ministries and States/UTs, is the nodal agency for coordinating and monitoring the Sustainable Development Goals.

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 (Annex B Party) to implement an emission-reduction project in developing countries. Such projects can earn saleable certified emission reduction (CER) credits, each equivalent to one tonne of CO2, which can be counted towards meeting Kyoto targets.