CDM- Clean Development Mechanisms

What it is:
Policy component of the Kyoto Protocol that allow wealthy nations to meet their emissions reduction targets through funding GHG migration projects in developing countries.
Debated against because people see it as a way for wealthy countries to avoid taking responsibilities for lowering their own emissions. Under the Clean Development Mechanisms developing countries can sell their emissions credits to larger wealthier countries that need more credits in order to reach target goals of the amount of green house gases that is being emitted into the atmosphere. CDM is an example of Cap and Trade.
Stake holders:
Devoloping countries under Non-Annex I: These countries receive funding from wealthier nations through GHG migration projects.
Countries under Annex II: Work to meet emissions reductions targets and often fund developing countries through GHG migration projects as a way to do so.