With respect to Clean Development Mechanism (CDM), consider the following statements.
- The CDM allows emission-reduction projects in developing countries to earn certified emission reduction (CER) credits, each equivalent to one tonne of CO2.
- The CDM is the main source of income for the UNFCCC Adaptation Fund which finance adaptation projects in developing country Parties to the Kyoto Protocol.
- Establishment of a designated national authority (DNA) is one of the requirements for participation by a Party in the CDM.
Which of the above statements is/are correct?