USMAN CHEEMA ISLAMABAD - While the whole world is concerned over climate change and is part of Kyoto Protocol, United States of America is still denying it and is not becoming the member in the emissions decreasing campaign. This was learnt during Carbon Forum Asia 2011 held in Singapore in November jointly organised by Koelnmesse and International Emissions Trading Association (IETA) and one of the sponsors was Konrad Adenauer Stiftung. The representatives of different countries, experts and companies those involved in emissions decreasing business by the development of such machinery to control pollution, gathered in the conference to discuss the future and problems in the emissions trading business. For the understanding it must be told that Kyoto is a legally binding agreement between signed-up countries to meet emissions reduction targets of all greenhouse gases by 2012 relative to 1990 levels. Till 2011, 191 states including Pakistan have signed and ratified the Kyoto Protocol to the United Nations Framework Convention on Climate Change aimed at combating global warming but US has still not ratified it that in a sense is creating troubles in emissions trading future. It must be mentioned here that emissions trading has been started to give incentives to such countries that are willing to convert to clean energy and decrease contributing harmful gases to the global environment. As per Koyoto Agreement if a country finds it difficult to reduce emissions (carbon) from the environment, it can purchase the carbon credits from the other countries who are willing to sell it and converting to other resources like in the case of electricity generation to hydel, solar, wind and other alternative resources. In Europe, carbon is being traded for #10 per tonne. But it was learnt in the conference that the world was now finding it difficult to set new targets in the absence of contribution from a major carbon producer country United States. But still a growth of 3 per cent was reported in 2011 as compared to last year. Global Carbon Market saw 3.6 billion tonnes carbon dioxide exchanged over the first six months of 2011, valued at some $71 billion against $66 billion in the same period last year. Henry Derwent, president and CEO of the International Emissions Trading Association said in his opening remarks in the forum that United States denial to climate change removes the foundation for any emissions trading policy.