Low Carbon Economy and Society

Abstract

The main challenge of developed countries is to maintain their economic expansion, which is mainly based on the energy from fossil fuels, with significant greenhouse gas emissions. Likewise, the least developed countries have high risks of climate-change induced disasters, as they can neither set the policy for mitigation nor invest much amount money on clean technologies because of their fragile nature of socio- economic-environmental conditions and weak political guidelines. It is thus essential to provide sufficient financial and technical supports to move toward clean energy path by developed countries through World Bank, UNDP, International Monetary Fund, Asian Development Bank etc. This work systematically reviews the emerging concepts of low carbon economy and society, and the transition towards a sustainable economy, with particular focus on developing countries. By analyzing poverty, clean energy technologies and job opportunities, income distribution and carbon pricing, economic aspects of carbon emission, restoration of lost biodiversity; the present and future trends, new perspectives have been presented on each of the above topics.