Reach out to China and India to cap carbon dioxide emissions
Global Warming and carbon dioxide emissions
The developed nations with huge per capita energy consumption levels contribute significantly to the carbon dioxide emissions, the chief contributor to the global warming which poses serious threat to the future of the planet and the eco system. Global initiatives to reduce carbon dioxide emissions by large have failed to produce positive results. It is alarming to note that the USA and the European Union together contribute to as much as 35% of the global carbon dioxide emissions calls for visible and urgent steps to conserve energy by promoting the eco friendly homes and work places aiming at least 25% cut in energy consumption. The transportation and industrial sectors largely contribute to the high energy consumption. It is time that these countries discourage the production of personal transport vehicles of above 1200 cc engine capacity to achieve higher than 15kmpl average. Personal vehicles need to cease as status symbols for the sake of preserving the eco system. The alternative energy sources based on renewable resources need to be encouraged and freed from those oil lobbies.
China a fast paced developing nation is emerging as a major threat to global warming and already contributes to 21.5% of global carbon dioxide emissions. It is imperative for the developed nations to bear economic costs of keeping the carbon dioxide emissions from China capped at the current levels at least. India on the other hand though among the fastest growing economies has per capita energy consumption levels tens of times below the per capita averages of the developed nations. India needs to be encouraged to not to scale up carbon dioxide emissions in the name of development. Funds and technology needed to encourage India to stick to the current levels of carbon dioxide emissions need to be taken by the developed world.
One good idea will be to impose a 2% penalty for 1% increase in carbon dioxide emissions from the developed nations (Each percentage must be equal to $1 billion and in the case of developing nations the penalty must be 1% for every percentage rise in the carbon dioxide emissions. The funds so collected must be made available to the developing and the under developed nations for capping their carbon dioxide emissions.