Clean development mechanism in Malaysia
The Clean Development Mechanism (CDM) is an arrangement under the Kyoto Protocol (an international and legally binding agreement to reduce greenhouse gases, emissions worldwide) allowing industrialised countries with a greenhouse gas reduction commitment (called Annex 1 countries) to invest in projects that reduce emissions in developing countries as an alternative to more expensive emission reductions in their own countries. The most important factor of a carbon project is that it establishes that it would not have occurred without the additional incentive provided by emission reductions credits.
Abdul Hamid, Baharom. (2009). Clean development mechanism in Malaysia. In Zaiton Samdin, Khairil Wahidin Awang & Khalid Abd Rahim (Eds.), Readings in natural resource economics (pp. 137-158). Serdang, Selangor: UPM Press.