Banking service chronicle published this article page no 1 india signed and ratified the 1997 kyoto protocol in august 2002. india china and other developing countries were exempt from the requirements of the kyoto protocol because their contribution to the emission of greenhouse gases during the industrialisation period (that is believed to be causing todays global warming and climate change) was not significant. however the critics of the kyoto protocol point out that sooner or later both india and china along with other developing countries will be among the leading countributors to greenhouse gas emissions. at the g-8 meeting in june 2005 india pointed out that the per capita emission rates of the developing countries are a tiny fraction of those in the developed world banking service chronicle magazine subscription.
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