Climate change has risen on the global agenda. It is not limited to the issue of escalating temperature; food and land security, natural disasters, the population problem and other critical issues are germane to it. Environmentally sustainable development needs an updated framework of international trade regulations, economic development model and consumption patterns. Climate change cannot be treated as a stand-alone issue; it has been drawn increasingly into the political and economic agenda. The emerging world order will be constructed under an environmental reality. The UN Climate Change Conference in Copenhagen in 2009 heralded a new reshuffling of the world order. As environmental issues revolve around common human interest, governmen...