The latter is innovation that adapts existing technologies for local uses, making those technologies more widely available (Dutz and Sharma 2012). One is the new market mechanisms that will be set up as a result of the Agreement. Under the Kyoto Protocol, the Clean Development Mechanism (CDM) proved to be an important mechanism for delivering investment to developing countries in areas that mitigated climate change.12 Chapter 6 of the Agreement provides for a market mechanism that will be further elaborated by the Parties in subsequent meetings (Commonwealth Secretariat, 2016).