The Kyoto Protocol: An Indian Perspective.

This article describes the Clean Development Mechanism (CDM) policy of India, provides estimates of potential for a few sectors, and voices India's concern about the CDM. In particular it covers the problems of determining CDM baseline, transaction costs, and risks that have to be borne by the developing countries and determining a fair price for carbon dioxide (CO2). It argues for more effective technology transfer and points out that, if interpreted incorrectly, CDM rules can discourage climate-friendly policies in developing countries. It suggests that the developing countries should learn how to play the CDM game in order to secure better deals. [ABSTRACT FROM AUTHOR]