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Consider the following statements regarding Clean Development Mechanism (CDM).
1. The Clean Development Mechanism (CDM) is a market-based approach to reducing emissions of the greenhouse gases that contribute to climate change.
2. A CDM project activity might involve a rural electrification project using solar panels or the installation of more energy-efficient boilers.
3. The projects registered by India under the CDM is the highest in the world.
Which of the above statements is/are correct?
  • a)
    1 only
  • b)
    1, 2
  • c)
    1, 3
  • d)
    1, 2, 3
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Consider the following statements regarding Clean Development Mechanis...
The Clean Development Mechanism (CDM), defined in Article 12 of the Protocol, allows a country with an emission-reduction or emission-limitation commitment under the Kyoto Protocol (Annex B Party) to implement an emission-reduction project in developing countries. Such projects can earn saleable certified emission reduction (CER) credits, each equivalent to one tonne of CO2, which can be counted towards meeting Kyoto targets.
It is the first global, environmental investment and credit scheme of its kind, providing a standardized emission offset instrument, CERs.
A CDM project activity might involve, for example, a rural electrification project using solar panels or the installation of more energy-efficient boilers.
India registered 1,703 projects under the CDM which is the second highest in the world. 
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Consider the following statements regarding Clean Development Mechanism (CDM).1. TheCleanDevelopmentMechanism(CDM) is a market-based approach to reducing emissions of thegreenhouse gasesthat contribute toclimate change.2. A CDM project activity might involve a rural electrification project using solar panels or the installation of more energy-efficient boilers.3. The projects registered by India under the CDM is the highest in the world.Which of the above statements is/are correct?a)1 onlyb)1, 2c)1, 3d)1, 2, 3Correct answer is option 'B'. Can you explain this answer?
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