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Changes In Market Mechanisms: The CDM Without China / Lynann Butkiewicz, Weathervane, 31/08/2011http://www.rff.org/wv/archive/2011/08/31/changes-in-market-mechanisms-the-cdm-without-china.aspxAs the Kyoto Protocol nears its expiration date, the sometimes controversial Clean Development Mechanism (CDM) is experiencing some dramatic shifts, making its future seem quite different than its past.The CDM was established under the Kyoto Protocol as a way in which developed nations could reduce their carbon emissions to meet the Kyoto targets by reducing emissions in developing countries, with the addition of a sustainable development component. The United Nations issues certified emissions reductions (CERs) to CDM projects, and companies in the European Union can then buy those credits to meet caps under the EU’s Emissions Trading Scheme (ETS)...