Climate Change debate has graduated tremendously since it first surfaced on the international debates in the 1990s. Climate Change causes and impacts are no longer subjected to contest. Scientists, policy makers, academicians have broadly agreed that climate change is an outcome of anthropogenic activities. There is no doubt that climate change is one of the most discussed topics in today’s world and the discussion covers wide spectrum of humankind. And, why would not people be talking about climate change issues if it is believed to pose one of the greatest problems to the humankind. Human civilization and aggressive path to economic prosperity is held culprit in the climate change discourse. International Climate Change regime has divided the world into three categories – Developed, Developing and Least Developed countries, on the basis of nature of responsibility to combat the climate change. The developed countries, also referred to as Annex I countries in Kyoto Protocol – trailblazer international climate change agreement, have contributed largely to what has happened today in global climate. Linkages are drawn between increased frequency of natural calamities and climate change. The impact of climate change has been witnessed at different levels across the world; however, the magnitude of impact varies depending upon the resilience capacity of the recipients. In other words, the poor are more vulnerable to the impending climate change impacts. Incidentally, high density of vulnerable population resides in the climatically vulnerable areas such as coastal area in developing countries. This accentuates the risk of appalling climate change impacts on global poor and vulnerable. Climate Change debates seem to have "North-South Divide" along the cause and effect terms. North is primarily held responsible for climate change globally and the South is the one which is hit the most by the dire consequences of the climate change.Developing countries also referred to as Non-Annex I countries in Kyoto Protocol, blame Annex I countries and expect them to finance the mechanisms to enable the affected and target population adapt to the changing climate. Non- Annex I countries use per capita emissions in support of their argument. There is no doubt that high-carbon growth path is directly responsible for the climate change, irrespective of where this growth is taking place. This understanding has led to the agreement that developing countries will undertake nationally appropriate mitigation actions to reduce carbon emissions. This action in turn will help the implementing countries to reduce emissions of gases other than greenhouse gases (GHG). Climate change imparts multi pronged threats to people, ecology, economies and wildlife.