Common use of Clean Development Mechanism Clause in Contracts

Clean Development Mechanism. The Project SPV shall be entitled to claim clean development mechanism benefits or other forms of similar benefits arising out of the Project. The Authority shall provide all reasonable assistance to the Project SPV in registering the Project as a clean development mechanism activity. 50% of any clean development mechanism benefits arising out of the Project shall be in favour of the Project SPV while 50% shall be received by the Authority.