To control the climate change, various proposals are available in front of us, but the actions are stumbling at each step because of political agenda and difference of opinions among developed, under developed  and developing countries.

The origin of the debate is: few countries (US, China, India etc) are responsible for most global emissions as on date, but other developed countries are highly responsible for the  accumulated green house gases since the time of industrial revolution. So the issue is who will spend how much to curb the emissions.  

The most talked about concept to measure the efforts on actions related to Climate change is the concept of Carbon credit. By definition it is a certificate showing that a government or company has paid to have a certain amount of carbon dioxide removed from the environment. Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). One carbon credit is equal to one tonne of carbon dioxide, or in some markets, carbon dioxide equivalent gases.  With lots of conditions, trade restrictions, variable allowances associated with the ?carbon credit? concept, it is a matter of big debate itself and many countries are not comfortable to come to a consensus.

Recently India is trying to float concept like ?green credit? instead of ?carbon credit?, which will shift the focus on ?what has been done for clean energy generation, energy conservation etc? rather than imposing barriers to the developing countries growth process. India is also trying to build up a consortium of ?Sun shinning? countries to develop and construct solar power generation systems to overcome the issues related to patented Technology transfer from developed countries.

This concept will be surely discussed during forth coming Geneva round of Climate conference in Feb and we will all wait to see the outcome.