CDM meaning in Governmental ?

Answer:

What is Clean Development Mechanism mean?

The Clean Development Mechanism (CDM) is a United Nations-run carbon offset scheme allowing countries to fund greenhouse gas emissions-reducing projects in other countries and claim the saved emissions as part of their own efforts to meet international emissions targets. It is one of the three Flexible Mechanisms defined in the Kyoto Protocol. The CDM, defined in Article 12 of the Protocol, was intended to meet two objectives: (1) to assist non-Annex I countries (predominantly developing nations) achieve sustainable development and reduce their carbon footprints; and (2) to assist Annex I countries (predominantly industrialized nations) in achieving compliance with their emissions reduction commitments (greenhouse gas emission caps).

The CDM addressed the second objective by allowing the Annex I countries to meet part of their emission reduction commitments under the Kyoto Protocol by buying Certified Emission Reduction units from CDM emission reduction projects in developing countries (Carbon Trust, 2009, p. 14). Both the projects and the issue of CERs units are subject to approval to ensure that these emission reductions are real and "additional." The CDM is supervised by the CDM Executive Board (CDM EB) under the guidance of the Conference of the Parties (COP/MOP) of the United Nations Framework Convention on Climate Change (UNFCCC). Certified Emission Reduction units (CERs) are issued for successful projects, which may be traded in emissions trading schemes. The CDM allows industrialized countries to buy CERs and to invest in emission reductions where it is cheapest globally (Grubb, 2003, p. 159). Between 2001, which was the first year CDM projects could be registered and 7 September 2012, the CDM issued 1 billion Certified Emission Reduction units. As of 1 June 2013, 57% of all CERs had been issued for projects based on destroying either HFC-23 (38%) or N2O (19%). Carbon capture and storage (CCS) was included in the CDM carbon offsetting scheme in December 2011.

Because several countries with high emissions, including the United States and China, either were not signatories of the Kyoto Protocol or were not required by it to reduce their emissions, most of the market for CDMs came from European countries. This, together with the recessions brought on by the global financial crisis and the European debt crisis, resulted in very low demand for carbon offsets, causing the value of CEDs to plummet. In 2012, a UN-authorized report said governments urgently needed to address the future of the CDM and suggested the CDM was in danger of collapse. By that point, the value of a CERs had dropped to 5 USD per tonne of CO2 (from 20 USD in 2008); the following year the price abruptly crashed to less than 1 USD. As a result, thousands of projects were left with unclaimed credits. The struggle about what to do with the old credits was a major cause for the perceived failure of the 2019 United Nations Climate Change Conference.

reference

Full Form	Category
Canadian Drought Monitor	Academic & Science
Cold Dark Matter	Academic & Science
Capital Derivatives Management	Accounts and Finance
Certified Digital Marketer	Business
Centralized Data Modules	Business
Consequence Driven Maintenance	Business
Coeur d'Alene Mines Corporation	Business
Cadence Capital, LTD.	Business
Consensus Decision Making	Business
Cadburys Dairy Milk	Business
A Control of Demolition and Management	Business Management
Caribbean Dance Music	Community
Creative Discovery Museum	Community
Committee on Discipleship Ministries	Community
Create Digital Music	Community
Church of Divine Man	Community
Children's Discovery Museum	Community
Combined Driver Model	Computing
Collaborative Data Mining	Computing
Core Data Module	Computing
Code Data Management	Computing
Charged Device Model	Computing
Cd Maker	Computing
Custom Device Module	Computing
Clinical Data Management	Computing
Content Distribution Manager	Computing
Call Data Mediation	Computing
Certificate in Data Management	Computing
Common Data Model	Computing
Customer Data Management	Computing
Cable Data Modem	Computing
Cyber Defense Matrix	Computing
Cyber Defense Magazine	Computing
Canonical Data Model	Computing
Client Data Manager	Computing
Computing and Digital Media	Computing
Customer Data Migration Tool	Computing
Core Data Model	Computing
Combining Diacritical Marks	Computing
Content Data Model	Computing
Code Download Manager	Computing
Control Development Module	Computing
Command Data Module	Computing
Collection and Database Management	Database Management
Common Device Model	Electronics
Cardioid Dynamic Microphone	Electronics
Disk Drivers Npa (novell Netware)	File Type
Music Format (compressed)	File Type
Code Domain Modulation	General
Carmel Del Mar	General
Centre Defensive Midfielder	General
Courage Determination And Motivation	General
Create Digital Media	General
Credit by Demonstrated Mastery	General
Common Domain Model	General
Continuous Diagnostics Mitigation	General
Civil Disobedience Movement	General
Cucurbit Downy Mildew	General
Cooperative Decision Making	General
Cadbury Dairy Milk	General
Control of Demolition and Management	General
Context Dependent Memory	General
Comic Drawing Masters	General
Cangussu Decarlo And Mathur	General
Crash Draft Masters	General
Construction Design and Managements	General
Charge Description Master	General
Competitive Driving Mode	General
Chrysler De Mexico	General
Circuit De Monaco	General
Champion Du Monde	General
Conrad Dietrich Magirus	General
Car and Driver Magazine	General
Classic Datsun Motorsports	General
Championship Dirt Motorsports	General
Car Despatch Mechanisation	General
Calibration Data Management	General
Control and Diagnostic Module	General
Car Dealer Magazine	General
Chinese Domestic Market	General
Car Design Manufaktur	General
Crash Detection Module	General
Cement Deep Mixing	General
Configuration Data Management	General
Common Diagnostic Model	General
Continuous Diagnostics and Mitigation	General
Corona del Mar	General
Centered Dirichlet Mixture	General
Construction Design and Management	General
Centro de los Derechos del Migrante	General
Cash Deposit Machine	General
Console Display Manager	General
Central Defensive Midfielder	General
Comical Defense Mechanism	General
Core Demographic Module	Governmental
Carbon Depletion Mechanism	Governmental
Corolla Drift Machine	Governmental
Clean Development Mechanism	Governmental
Chief of Defence Materiel	Governmental
Congestion/Demand Management	Governmental
CHIDAMBARAM	Indian Railway Station
Consejo de Desarrollo Municipal	International
Contract Development Manager	Jobs
Certified Dietary Manager	Medical
Canadian Doctors for Medicare	Medical
Chronic Disease Management	Medical
Climatological Dispersion Model	Medical
Clinical Decision-Making	Medical
Comprehensive Data Management	Medical
Congenital Myotonic Dystrophy	Medical
Construction, Design, Management (!)	Medical
Cable Driver Modem	Military and Defence
Camp Dresser & Mckee	Military and Defence
Collaborative Decision Making	Networking
Ceramic Discharge Metal	Physics Related
Children’s Discovery Museum of San Jose	Regional
Custom Development Method	Softwares
Communications/data Manager	Space Science
Code Division Multiplexing	Telecommunication