During the last two decades, there has emerged a substantial literature on climate change that deals with its various aspects from the very science of climate change to its economics, with widespread ramifications (see Cowie, 2007; IPCC, 2007; Stern, 2006). In his book, The Politics of Climate Change, Anthony Giddens sets out with the task of chalking out a political framework, which he believes is needed in order to deal with climate change.