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In the context of CO₂ emission and Global Warming, what is the name of a market-driven device under the UNFCCC that allows developing countries to get funds/incentives from the developed countries to adopt better technologies that reduce greenhouse gas emissions ?

  1. (a)Carbon Footprint
  2. (b)Carbon Credit Rating
  3. (c)Clean Development Mechanism
  4. (d)Emission Reduction Norm
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Official answer(c) Clean Development Mechanism