ABSTRACT
One of the important responses of Kyoto Protocol (KP) toward alleviation of global warming is the clean development mechanism (CDM), which has acquired large emphasis amid the global carbon market in terms of certified emission reduction (CER). CERs are the carbon credits issued by the CDM executive board (EB) for emission reductions achieved by CDM projects and verified by designated operational entity (DOE) under the rules of the KP. While the CDM aims to accomplish sustainable development in energy production and utilization in developing countries, the results achieved because of its implementation are as yet uncertain. This report speculates on the possible future contributions of the CDM toward sustainable development.
