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===== Clean Development Mechanism ===== Between 2001, which was the first year [[Clean Development Mechanism]] (CDM) projects could be registered, and 2012, the end of the first Kyoto commitment period, the CDM is expected to produce some 1.5 billion tons of carbon dioxide equivalent (CO<sub>2</sub>e) in emission reductions.{{sfn|World Bank|2010}} Most of these reductions are through [[renewable energy commercialisation]], [[efficient energy use|energy efficiency]], and fuel switching (World Bank, 2010, p. 262). By 2012, the largest potential for production of CERs are estimated in [[China]] (52% of total CERs) and India (16%). CERs produced in Latin America and the Caribbean make up 15% of the potential total, with Brazil as the largest producer in the region (7%).
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