Only If India invests in more energy efficient technologies in various sectors of their economy which are known for their high emmissions such as power, transport, and the agricultural sectors. India is already a major player in the carbon trading markets and till now has had a positive balance of payment. McKinsey and Company who had done a study on India mentioned that if the proper and regular investments are made by the country it will be more beneficial to us then compared to other countries. It will help reduce the oil dependence of the nation thus reducing the import bill and will make India a fierce competitor in the green technologies market. The report in which this recent study was conducted is called Environmental and Energy Sustainability: An Approach for India and has also mentioned that the country is making decisions in its infrastructure projects which will have long term consequences for the country and thus should be made with caution and keeping future consequences of the decisions in mind. The study has come out at the perfect time as India among other developing nations are being pushed and pressured by the developed world to take stern steps to reduce their emmission levels and start working on renewable sources of energy at the recent conference for climate change held at Copenhagen last year 2008 in December. Various studies conducted by or allowed by the Government mentioned that the emmission levels of the country will increase from 4 billion tonnes to 7.3 billion tonnes of greenhouse gasses by 2031 which is an increase of 1.4 billion tonnes. India however claims that their per capita emmission levels will only reach 2.77 tonnes per year if only taken in Carbon dioxide terms in the next 20 years whereas the developed countries have a much higher emmission rate then India. The current emmission rates by the citizens of developing countries is around 20 tonnes annually. India's economy is estimated to grow at a rate of 6% to 9% till the time of 2030 and its Gross Domestic Produce (GDP) is also expected to reach $4,000 billion with a total population of 1.5 billion citizens by the year 2030 which if seen from the environmental point of view will be a death blow to the natural cycles of the sub continent. The studies so far conducted claim that if the proper investments are made by the country in green technologies then the emmission could be reduced by 30% to 50% which is huge if considered by the amount of carbon which will not be released in the environment. The countries emmissions are estimated to be limited to 2.8 billion tonnes to 3.6 billion tonnes annually by the year 2030. The report also mentioned that investments in alternate sources of energy like nuclear, solar and hydro power will help the emmissions in the country. Also using energy efficient technologies should be used in the industries which eat most of the power generated in the country such as the iron and steel industries and cement industries. These points were mentioned in the 200 opportunities which was mentioned in the study conducted which will help in reducing consumption of energy and also help reduce carbon emmissions. The transportation sector really needs to overhauled as the number of vehicles on the Indian roads are expected to increase by 7 times by the the time we reach the year 2030. The country had a total of 51 million vehicles in 2005 and if curent estimates are taken into view then Indian would have 377 million vehicles on their roads by 2030. The investments in the green technologies will be huge and enormous which India currently cannot afford in any form. The estimated amount is said to be around 600 billion euros to 750 billion euros which is even higher what estimates are currently made for China to reduce their emmissions. The investments will have to be made in the next 20 years itself. The amount of planning and the implementation procedures in India are famous for being inefficient and late and thus would require an un imaginable amount of work. The people employed in the Government bodies are mostly inefficient and irresponsible are not especially known for their professional expertise. With such overwhelming odds the reaction by India to not to commit itself to any treaties right now is totally plausible. India is currently on the cusp between becoming a developed nation and a world power and the third world country it is now. The dividends might be high but the cost will finish of the Indian economy and will have a reduced growth rate for years to come. The benefits of emptying the Government treasury would be that India would not need to build the amount of power generation plants as it currently intends to. This will help reduce the oil imports of the country by 65 million tonnes and also reduce the demand for coal which has starting becoming scarce in the country and is now also being imported. The government has so far been complacent about building and developing the infrastructure of the contry unlike China and if these shocking estimates are taken about 80% of the country is yet to be built. This is a matter of national shame but also gives the country a unique advantage of starting their infrastructure projects according to the international standards and guidelines and implementing green technologies from the get go.