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HOW DOES THE CDM CONCEPT WORK ?
Annex I countries that have ratified the K Kyoto Protocol can invest in projects that both reduce GHGs and contribute to sustainable development in non-Annex I Countries. A CDM project provides certified emission reductions (CERs) to Annex I countries, which they can use to meet their GHG reduction commitments under the Kyoto Protocol. article 12 the the Kyoto Protocol sets out three goals for the CDM :