Climate Mitigation and Carbon FinanceGlobal Initiatives & Challenges\nAuthor(s): A.K. Sahoo\nFormat: Hardback\nPublisher: New India Publishing Agency, India\nImprint: New India Publishing Agency\nISBN-13: 9789381450024, 978-9381450024\nSynopsis\nThe Clean Development Mechanism (CDM), established by the Kyoto Protocol, aimed to connect carbon markets with sustainable development objectives in developing countries. By doing so, carbon sequestration became a globally traded commodity, offering potential economic benefits to land managers. Unlike traditional development models that rely on deferred and dispersed benefit streams, the new carbon market model presents an opportunity to directly link land management and natural resource conservation with specific and immediate market incentives. Studies show that carbon markets can serve as a catalyst for increased tree planting and improved forest management, thereby realizing the multiple benefits of forestry and agroforestry systems..