Many domestic and foreign enterprises are looking to cash in on the Clean Development Mechanism (CDM), an important commitment-fulfilling mechanism of the Kyoto Protocol.
"The complicated nature of trade related to CDM is hard for outsiders to understand, but it means a win-win situation for developed and developing countries," said Lu Xuedu, vice director of the Office of Global Environment Affairs of the Ministry of Science and Technology (MOST) and member of the United Nations CDM Executive Board (EB).
Along with its significant contributions to the global environment, CDM offers huge business potential, he said.
According to the Kyoto Protocol, CDM allows developing and developed countries to jointly launch greenhouse gas