What are advantages and disadvantages of CDM?

The Clean Development Mechanism (CDM) offers several advantages, including the ability to generate emissions reductions while promoting sustainable development in developing countries and providing financial incentives for green projects. It allows developed countries to meet their greenhouse gas reduction targets more cost-effectively. However, disadvantages include potential issues with project quality, as some projects may not deliver the promised environmental benefits, and the risk of creating a reliance on carbon credits instead of implementing deeper emissions reductions or sustainable practices. Additionally, the complexity and bureaucracy involved in the CDM process can hinder timely project implementation.