The analysis in this book has emphasised the role of consumption in GED. It has emphasised that a broad-based consumption switch, difficult as it may be to put into practice, may play a significant role in reducing GED. An important question at this juncture is the design of an institutional mechanism that may help ameliorate global environmental problems. This chapter is addressed to this issue. Our emphasis, throughout, is on the stake that developing countries have in the redressal of GED and the underpinnings of global policy that would help in this effort.