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[Music] you hello and welcome back to unit 5 or north-south relations and eco colonialism as in unit 3 we are now today again connected to the University of Sussex professor peter newell professor of international relations is there again who you already know from his lecture on carbon markets in unit 3 Peter great that we could make this virtual connection again Peter will speak about the Clean Development Mechanism one of the flexible mechanisms built into the Kyoto Protocol so Peter tell us more about the theory the practice and the need to reform my name is Peter Newell I'm a professor of international relations at the University of Sussex and today I'd like to talk a little bit about the Clean Development Mechanism the theory behind it the practice and some of the ways in which it works and why in my opinion is a pressing need for the reform of the CDM but first of all what is the CDM as you can see from this first slide it's a project based market mechanism and what that means i...