With refrence to the clean development mechanisam CDM which of the following statements is are corr...........

Environment and Ecology Envirnment and Climate Change

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With refrence to the clean development mechanisam (CDM), which of the following statements is / are correct ?

1. It is one of the "flexibility mechanisms" defined in the Kyoto Protocol.

2. It is supervised by the CDM Executive Board under the guidance of the UNDP.

3. The CDM is based on the idea of emission reduction.

1 and 2 only

1 and 3 only

2 and 3 only

1, 2 and 3

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Explanation:

Clean Development Mechanism (CDM) is one of the Flexible Mechanisms defined in the Kyoto Protocol (IPCC, 2007) that provides for emissions reduction projects which generate Certified Emission Reduction units (CERs) which may be traded in emissions trading schemes. 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). The CDM is based on the idea of emission reduction "production". These reductions are "produced" and then subtracted against a hypothetical "baseline" of emissions. The baseline emissions are the emissions that are predicted to occur in the absence of a particular CDM project. CDM projects are "credited" against this baseline, in the sense that developing countries gain credit for producing these emission cuts.