Energy intensity and carbon market for climate justice

Ashok Kumar Singha

Climate change and global warming is a major concern. Future generation will suffer if the low carbon development strategy is not adopted by nations today. The Conference of Parties (COP21) recognizes the menace of global warming, emissions and also emphasizes the differentiation between the responsibilities of developed and developing nations. This legally binding agreement also gives a boost to carbon market in the interest of climate justice to transfer mitigation outcomes. This paper analyses the linkage of development of the states and the carbon market. The result show significant correlation between carbon market development and development of a state. It also tries to provide insights whether there is a possible pathway to achieve climate justice at the sub-national level (between developed and developing states in India) or in the sectoral scopes. The paper uses macro data and some case studies to emphasize the idea of climate justice at the sub-national level.