Abstract
As the first commitment period ended in 2012, the Clean Development Mechanism was predicted to die down. yet data shows that it has not. Around 130 million CERs were issued in the year 2016. With the Kyoto mechanism still in place, countries like China, India, and Brazil along with new entrants like Cambodia will keep the CDM mechanism going. The year 2016 saw a rise in the number of CERs issued. Figures of India in the year 2015 (9.5 million) were similar to the figures in 2010 (9.4 million) whereas figures in 2016 (13 million) are higher. Even though the talk in climate change has drifted towards the Intended Nationally Determined Contributions (INDC), there is still no consensus on every country sharing a mandatory responsibility to reduce its emissions. Hence mechanisms like CDM (in its second commitment period till the year 2020) which are still funding projects in developing countries and hence transferring funds hold importance. In no way the interest in CDM has died down.
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