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Carbon Development Mechanisms
sc1109 edited this page Jun 16, 2012
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This allows Annex One countries to invest in nonAnnex One countries in exchange for carbon offset credits.
- Non Annex Countries will advertise that they are looking for a certain amount of investment to complete a specific task (ie. Carbon absorption/reduction)
- Annex one countries will respond with an offer
- Non Annex One will choose which offer to accept
For carbon absorption the following will occur
- nonAnnexOne:
- Cash increases (temporarily and invisibly to the country)
- Arable land area reduced
- Carbon Absorption increases by X
- AnnexOne
- Cash Decreases
- Carbon offset increases by X
For carbon reduction
- non Annex One
- Cash increases (temporarily and invisibly to the country)
- Carbon output decreases by X
- Annex One
- Cash decreases
- Carbon offset increases by X
In the case the nonAnnexOne country doesn't have enough cash to make the absorption/reduction it promised, everyone is refunded and the CDM trade is abandoned.
To initiate CDM call the following from the nonAnnexOne country
broadcastInvesteeOffer(int quantity, InvestmentType itype);