Official Answer Key & Detailed Solution
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Correct Answer: Option (C) — Clean Development Mechanism
Concept & Option Breakdown
Standard Reference VerifiedThe Clean Development Mechanism (CDM), defined under Article 12 of the Kyoto Protocol (under UNFCCC), enables emission-reduction projects in developing countries to earn certified emission reduction (CER) credits. Developed nations purchase these credits to meet their Kyoto targets, thereby facilitating technology transfer and financial flows to developing nations.
CDM is the specific flexible mechanism dedicated to projects in non-Annex I (developing) countries financed by Annex I (developed) entities.
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