Global Warming or “Climate Change,” as it is commonly called these days, has become one of the hottest issues of worldwide concern today, and the United Nations and governments across the world have come out with a whole gamut of aggressive and innovative initiatives to tackle the issue comprehensively from local to global level. Implementing market-based cap-and-trade systems to reduce greenhouse gas (GHG) emissions, setting standards for low-carbon fuels and increasing fuel-efficiency standards, decarbonizing development trajectories, reducing oil