New climate agreement in Paris may end 1997 Kyoto Protocol

COUNTRIES could reach a new climate agreement in Paris next week to slow down global warming but there’s an adverse payoff for India as the 1997 Kyoto Protocol from which it had benefitted a lot is expected to be tossed aside.

The first commitment period till 2012 of the protocol, the only existing climate treaty, has ushered clean technologies into India through the Clean Development Mechanism (CDM) that provided for substantive funding by rich countries through carbon trading.