The first problem here is in the term "neural correlate." To think that some experiential property has a "neural correlate" is really missing the point. I mean, effectively, we can say that every emotion, cognition, and perception is associated with some sort of neural correlate. However, using this as a condition to understanding the problem amounts basically to a category error.
What do I mean? Well, I mean that so-called emergent phenomenon of brain function such as emotion, cognition, and even perception aren't best described at a discrete "neural correlate" level, but are rather better described at a population dynamics level.
These are sticky political issues in contemporary neuroscience, though. Which level of hierarchical architecture to focus on. Our lab likes to focus on mesoscopic neurodynamics at the population level rather than looking at the individual neuron and what it contributes to the "correlate" of a conscious or emotional experience.
This "neural correlate of consciousness" nonsense, I believe, largely arose out of Koch and Crick's 1994 book,
The astonishing hypothesis. The only thing astonishing about this piece of garbage was the hubristic title. Like trying to put lipstick on a pig. But Christof Koch rode that association with Francis Crick all the way to the bank in Seattle at the Paul Allen institute. So, good for him. But, in my opinion the focus on these neural correlate things are focusing on the wrong level of analysis and are draining important resources, e.g., Allen institute and Blue brain project, etc.
I'm giving a talk at the International Joint Conference on Neural Networks (IJCNN) in Anchorage next week, and the promoter of the conference, who is a friend of mine, said that Koch wanted to ditch his plenary speech on Wednesday and instead submit a video! Can you believe that crap? This is what a prima donna this guy is.
http://www.ijcnn.org/
So what did we have to do? In order to maintain faith in the program that the plenary speakers that are scheduled to speak WILL ACTUALLY SHOW UP, we had to fly this guy out for one day and have a limo pick him up from the airport. If you don't believe me, do your own research.
The point is that a lot of science is political, so don't buy the neural correlate of whatever stuff. You're not going to get off that easy. It's not like if sector A and sector F are excited you're going to have the experience of LOVE. And if sector D1 and sector H6 are active you're going to have the emotion of jealousy. It doesn't work like that.