Economics masquerading as Altruism It is a human tendency of getting envious when someone else pose a threat to your stature or is on the verge of overtaking you in any field, one tries every possible methodology in order to retain his stature and do not even abstain himself from adopting devious methods in order to restore it. The above tendency is synonymous with the developed countries as well who are boggled by the pace at which the economic development of the developing countries is taking place. Global warming is a very grave issue and requires concerted efforts from both the developed and developing countries. The developed countries have perceived this issue in a very immature way by putting the onus of this problem on the developing economies irrespective of all the commercial activities being carried by them contributing to Global warming. It is indeed interesting to note that the emission levels had shot up unprecedently in the 1970’s but this issue was never heeded as the economies of the developed countries were blooming at that point of time. Eversince the late 1990’s the economies of the developing countries started to expand and that too at a rapid pace which made the developed economies wary of the threat being posed by the developing economies. In order to encumber their growth, they started using Global warming as a tool to fructify their objectives by masquerading this issue in an exaggerated manner. Recently during the Copenhagen meet, a lot of restrictions were being imposed on the developing economies in order to compel them to cut down on emissions. In a study it was found that U.S.A accounts for 25% of the Global emissions whereas developing countries like India accounts for a miniscule 0.2%. It is therefore imperative for the developed countries to get their facts right and try to cut emissions on their part rather than imposing unwarranted restrictions on the developing countries in order to curtail their Economic development. At the same time it is essential for both the developed as well as developing countries to join hands and work together with efficacy in order to tackle Global warming which is indeed a serious problem. It should be vacillated as the repercussions could be very dreading rather than finding out ways to retain economic supremacy by encumbering the growth of each other.