Any serious analysis of any facet of global warming without a mention of capitalism is incomplete to that degree. A major study that was a background paper at a recent conference on climate change in Mumbai is undoubtedly a pioneering addition to the global warming literature. However, the policy paper is disturbing not just because of the generosity of emissions it allows to countries, but also for what it lacks - a discussion of the multifaceted aspects of equity and sustainability and of the logic of industrial capitalism, issues that lie at the heart of global warming.
