Climate change negotiators are planning only a limited expansion of the Kyoto protocol's project-based clean development mechanism (CDM) after 2012, according to the latest draft text discussed under Copenhagen's Kyoto track.
Only two of seven options for reforming the CDM are about extending the mechanism beyond its current scope: crediting national mitigation actions by developing countries (NAMAs) and carbon credits for small and large projects below sectoral emission benchmarks.
