A Comprehensive Strategy to Formulate Framework in Post-Kyoto Era

Abstract

Abstract-Two consecutive low-yielded attempts in Copenhagen and then in Cancun brought down any possibility to develop an effective post-Kyoto policy framework by the end of 2012. Obstinacy of USA, readily available AAUs in Europe and unsustainable energy generation in China, India or Brazil are some of the reasons why the world is still struggling to minimize overall GHG emission. To meet the interest of both emerging developing nations and developed nations without restricting anyone's potential economic growth and at the same time find an effective means to involve other under-developed countries are the biggest challenges for any post-Kyoto agreement. It should be flexible and attractive enough to involve developed, emerging and developing economy in order to seek opportunities for their own interest. This paper briefly discusses Kyoto protocol and Clean Development Mechanism (CDM) and then outlines 'a green strategy' which could effectively address the concerns of all stake holders and yet achieve reduction in emission.