ABSTRACT
The growing importance of low-carbon pledges and policies has been conceptualized at the global landscape through binding commitments and voluntary agreements. This includes ratification of global covenants (such as Kyoto protocol, Copenhagen Accord) that have created impetus for the Indian industries to undertake the bottom-up approach leading to low-carbon innovations. Lowcarbon innovations in turn have led to produce low-carbon products with reduced emissions, definitely helping industries to remain competitive in the market. To achieve this, a consumption scrutiny of natural resources and its associated emissions would help businesses and consumers to assess their roles toward contributing to climate change and on the impact their purchase-related decisions have on emissions. The consumption-based approach to evaluate resource use and its associated emissions is becoming all the more important in equity debate in the climate change context.
