• Shiny Singh
• Bilal

Global warming can be defined as the rise in mean temperature of the Earth’s climate system caused by anthropogenic carbon dioxide and carbon dioxide equivalent, also known as greenhouse gases (GHG). Since the 20th century, evidence shows a substantial prevalence of global warming and it will continue through the 21st century. This will continue to increase if no efforts are made to reduce greenhouse gases. Came into force in 2005, the first international treaty on climate change commits the states to reduce emissions of greenhouse gases. Relating to this objective, climate policies are made based on the countries’ capacity that is grouped in Annex Iand Non - Annex I parties of United Nations Framework Convention on Climate Change (UNFCCC). Annex I parties consist of industrialized and developed countries. Countries that belong to low income developing countries are part of Non - Annex I parties. Although the developing countries are not faced by binding constraints, they volunteer for sustainable development through Nationally Appropriate Mitigation Actions (NAMAs). However, the developed and industrialized countries do face binding constraints for the emissions. Due to this reason, several developing countries will be adversely affected by the reduced production caused by the obligations to reduce emissions. Using the Computable General Equilibrium model, the paper assesses the impact of Kyoto policy of reduction in carbon in the developed country’s exports on developing country’s imports. Further, the paper analyses the welfare loss due to the implementation of policy by the Kyoto protocol. The trends are taken within a time span from 2004 till 2014. The paper makes use of secondary data from WTO, IMF, World Bank. In this study, the researcher uses a descriptive method and excel as the tool of analysis by which the paper shows the trends of carbon dioxide emissions and net exports for ten years ranging from the years 2004 till 2014.

Carbon dioxide, developing country, developed country, Computable General Equilibrium Model, Welfare loss.

"A Case Study of Greenhouse Gases and Trade for the years 2004 – 2014: India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.249-254, June 2019, Available :http://www.jetir.org/papers/JETIR1906X69.pdf

"A Case Study of Greenhouse Gases and Trade for the years 2004 – 2014: India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp249-254, June 2019, Available at : http://www.jetir.org/papers/JETIR1906X69.pdf