| From Nytimes.com: Carbon credit trading has long been decried by some climate change experts as an ineffective way to combat global warming, compared with imposing regulatory limits on polluting greenhouse gas emissions.
But after more than a decade of negotiations, the Kyoto Protocol established a carbon emission credit system, in 2006, overseen by the United Nations. Known as the Clean Development Mechanism, or C.D.M., it allows companies in industrialized countries to sponsor a greenhouse gas emissions-reducing project in a developing country..............................................Full Article: Source
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