The Montreal and Kyoto Protocol both had framed two different sets of regulations applicable to the developed and developing countries (Annex I and Non Annex I countries as per Kyoto Protocol). Apparently, stringent rules are applied to developed countries as they have been identified as the...

The Kyoto Protocol has created a new market for a variety of products and services including trading of emission. India is a major player in the global CDM market. The proponents of KP have claimed that Kyoto Protocol ‘was never intended to address global emissions, as it focuses on achieving...

EU and USA have taken two distinct approaches to tackle the climate issue and seize the advantages of the new business opportunities it has offered by creating a new economic space. While EU tried to address the cause of global warming by promoting clean technology, as a late entrant to this...