Which among the following is not true about the 'International Treaty on Climate Change' - the Kyoto Protocol?

1
It was signed in 1995
2
The developed countries agreed to cut their emissions by an average of 5.2% over 1990 level by the period 2008-12.
3
It also initiated the Clean Development Mechanism (CDM)
4
The CDM allowed industrial countries to get credits to put towards their Kyoto targets by funding clean energy projects in developing countries

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