There seems to be a "Merry-go-round" scenario in the world today, where efforts to reduce the CO 2 (Green House Gas) emissions in one country or region, are being countered by an increase in CO 2 emissions elsewhere. While developed nations strive to reduce the CO 2 emissions, semi-developed and developing nations, on the contrary, increase their emissions in an effort to attain a developed nation status. This paper will unravel how policies that govern CO 2 emissions have been lost in translation and how they are being re-defined by several actors in the world today, in order to suit their interests, gains and protect their investments. It will also advocate for its adaption of an international legislature that would guide CO 2 emissions monitored by one governing body or institute in both developed and developing nations. This issue can be resolved by engaging the developing countries to cut their CO 2 emissions as they strive to achieve development or alleviate poverty while ensuring that the developed nations are not increasing the CO 2 emissions. However, this legislature should also take into consideration the people, planet and profits (3Ps) as it is being rolled out in order to ensure that a fair business climate exists for the enhancement of green growth using sustainable renewable energies and technologies.