What is the goal of the projects under the Clean Development Mechanism?

The goal of projects under the Clean Development Mechanism (CDM) is to assist developing countries in reducing greenhouse gas emissions while promoting sustainable development. The CDM, established under the Kyoto Protocol, allows developed countries to invest in emission reduction projects in developing nations as a means to offset their own emissions. Through this mechanism, developing countries can gain access to financial resources, technology transfer, and capacity building, enabling them to implement environmentally friendly projects that contribute to their economic growth and climate resilience. This aligns with broader international climate goals by encouraging cooperation and investment to combat climate change effectively.