Climate Change Debate

• The Connections between Capitalist Development and Climate Change are very clear.
• Industrial Capitalism which started in 19th Century and intensified in 20th century is based on the Consumption of Fossil Fuels (Oil, Gas and Coal) for meeting the energy requirements of the Capitalistic Goods Production.
• Climate Change is not only about Ecology but it is also about the Economy and Economic Growth.
• GDP growth rates of the developed and developing countries has been synonymous with growth in green house gas emissions. Be it China, USA or Japan who are the biggest emitters of greenhouse gases, their growth and wealth is directly linked to carbon emission.
• The 1992 UNFCCC is based on the principle that Industrialized countries have created the problem of climate change. So, they have to reduce their emissions first so that less developed countries can catch up in their economic growth.
• In 1992, Developed countries accounted for 70% of the annual green house gas emissions, which in 2012 (20 years later) has reduced to 43% due to shifting of Manufacturing from developed Countries to Developing Countries. 
• The 21st meeting of the conference of parties (COP21) of the UNFCCC (United Nations Framework Convention on Climate Change) which will be held in Paris, will discuss on agreement on Sustainable Development Goals which is bound to replace the Millenium Development Goals after 2015.
• Millenium Development Goals (MDGs) =>>>>>  SustainableDevelopment Goals (SDGs)
• We can not eradicate poverty without fighting the climate change. Poor contribute less to climate change. So, Climate Change negotiation is about the how RICH people can reduce their emissions so that the POOR can grow. 
• At the Core of the Climate Change Problem lies the injustice or inequitable access to sustainable development.
• The effect of Climate Change will be devastating for even those countries who emit less like Bangladesh and Maldives in the form of sea level rise or floods. So, the need of the hour is the mutual collaboration to reduce the green house gas emission by changing the way we are developing our economies. 
• The Challenge lies in shifting to Cleaner Energy sources and this is where Climate Finance Fund is required.
• In Paris 2015, international negotiations are expected to make pledges or set targets to reduce emissions so that, global temperature which is now moving towards an increase of more than 4 degree Celsius should be contained under 2 degree Celsius guard rail.