Clean Development Mechanism
The Clean Development Mechanism (CDM) was instituted in 2001, under the Kyoto Protocol to enable developed countries to meet their Green House Gas (GHG) reduction targets at lower cost through projects in developing countries. The CDM enables the Parties to meet their reduction commitments in a flexible and cost-effective manner. CDM-India was established in August 2003, through an agreement between German Technical Cooperation (GTZ) and the Bureau of Energy Efficiency (Ministry of Power), Government of India, under the Indo-German Energy Programme (IGEN) as the capacity building facility that can help reduce transaction costs in the early market development process.