CDM- How Clean Is The Clean Development Mechanism?
The developing countries; which consist mainly of India, China and Brazil have
not had a very significant contribution to carbon emissions so far. If every
person in the developing world had the same carbon footprint as the average
person in Germany or the United Kingdom, current global emissions would be four
times the limit defined by our sustainable emissions pathway, rising to nine
times if the developing country per capita footprint were raised to Canadian or
United States levels.
The agreement commits
37 industrialized nations to cut gas emissions in a bid to stop Global
Warming. But the Kyoto Protocol did not place any quantitative restrictions on
emissions from developing countries, and if the next 15 years of emissions
follows the linear trend of the past 15, dangerous climate change will be
India finally signed and ratified the Protocol in August, 2002. According to
the protocol, India is exempted from the framework of the treaty and it is
expected to gain from the protocol in terms of transfer of technology and
related foreign investments. At the G-8 meeting in June 2005, Indian Prime
Minister Manmohan Singh- the Indian Prime Minister, pointed out that the
per-capita emission rates of the developing countries are a tiny fraction of
those in the developed world.
Following the principle of common but differentiated responsibility,
India maintains that the major responsibility of curbing emission rests with
the developed countries, which have accumulated emissions over a long period of
time. However, the U.S. and other Western nations assert that India, along with
China, will account for most of the emissions in the coming decades, owing to
their rapid industrialization and economic growth.
Under the Kyoto Protocol, India would benefit from additional transfers of
technology, and foreign investments in renewable energy, energy generation and
efficiency promotion and defforestation projects, through the Clean Development
Mechanism. Therefore while short term benefits because of international funding
will be well received, once developed countries such as India has reached their
‘developed’ mark,there will no longer be any reason for international
governments or companies to invest in the country, and it will experience a
landslide. Since Global Warming will, in most probability, still be a threat;
and the Annex 1 countries have done nothing to cut back on their own emissions,
there will be pressure on developing countires ( now developed) to cut back on
their own emissions without any help. Moreover, as time proceeds, prices of
change will only go up.
So while the majority
of the citizens are pleased with India’s participation in the CDM mechanism,
few look at long term effects.
India looks forward to a brighter future.
Development and New Technologies in India.