Focusing on China and India as reasons to avoid doing anything is just more toad talk. It also ignores the industrialized west's responsibility for its being the largest contributors to the human supplied CO2 already in the atmosphere.
While one might take some solace in the recent steps the US has taken to reduce CO2 emissions, it's not nearly enough. For example, Shell is opening a huge plastics plant near Pittsburgh this month that will annually add C02 to the atmosphere equivalent to 450K cars of the road, and even that ignores the other forms of pollution the plant will add to the area.