The Clean Development Mechanism (CDM) 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. The mechanism stimulates sustainable development and emission reductions, while giving industrialized countries some flexibility in how they meet their emission reduction or limitation targets. Under the CDM, there are various benefits, enormous potential to promote sustainable development and increase foreign investment flows for developing countries. With thoughtful planning and the development of a national CDM strategy, it can also assist in addressing local and regional environmental problems and in advancing social goals. | The clean development mechanism CDM procedure and implementation in Vietnam
