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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, 3 
  • b)
    1 only 
  • c)
    1, 2 
  • d)
    2, 3
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding Clean Development Mechanis...
The correct answer is option 'C': 1, 2.

Explanation:

Clean Development Mechanism (CDM) is a market-based approach under the United Nations Framework Convention on Climate Change (UNFCCC) to reduce greenhouse gas emissions and promote sustainable development in developing countries. Let's evaluate each statement:

1. The Clean Development Mechanism (CDM) is a market-based approach to reducing emissions of the greenhouse gases that contribute to climate change.
- This statement is correct. The CDM allows developed countries to invest in emission reduction projects in developing countries in order to meet their own emission reduction targets. The projects implemented under CDM help reduce greenhouse gas emissions and promote sustainable development.

2. A CDM project activity might involve a rural electrification project using solar panels or the installation of more energy-efficient boilers.
- This statement is correct. CDM projects can take various forms, including renewable energy projects like solar or wind power, energy efficiency projects, waste management projects, and afforestation projects, among others. These projects aim to reduce emissions or remove greenhouse gases from the atmosphere.

3. The projects registered by India under the CDM is the highest in the world.
- This statement is incorrect. As of now, China has registered the highest number of CDM projects in the world. However, India has also been actively participating in the CDM and has registered a significant number of projects. India's projects mainly focus on renewable energy, energy efficiency, and waste management.

In conclusion, statements 1 and 2 are correct, while statement 3 is incorrect.
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Community 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.
  • The projects registered by India under the CDM is not the highest in the world.
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Consider the following statements regarding Clean Development Mechanism (CDM). The Clean Development Mechanism (CDM) is a market-based approach to reducing emissions of the greenhouse gases that contribute to climate change. A CDM project activity might involve a rural electrification project using solar panels or the installation of more energy-efficient boilers. The projects registered by India under the CDM is the highest in the world.Which of the above statements is/are correct?a)1, 3b)1 onlyc)1, 2d)2, 3Correct answer is option 'C'. Can you explain this answer?
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