S Korea to cut greenhouse gas to 4 pct of 2005 level

19:07, November 05, 2009      

Email | Print | Subscribe | Comments | Forum 

South Korea is likely to set its 2020 greenhouse gas reduction goal at 4 percent of the 2005 level as part of its green growth move, local media reported Thursday, quoting a government source.

According to South Korea's Yonhap News Agency, a presidential committee on growth, which has been reviewing three options as it sets the goal for the reduction level, plans to decide on the 4-percent scenario.

Under the chosen plan, the South Korean government will push for reducing its green gas emission to 4 percent of the country's emission in 2005, or 30 percent of the proposed Business-as-usual (BAU) guideline, by 2020.

The other two options recommended the country to set the goal to an 8 percent increase of the 2005 level or the same amount as the emission in the cited year.

South Korea emitted 594 million tons of carbon dioxide in 2005, ranking 9th among Organization for Economic Cooperation and Development (OECD) member nations

The business circle, however, has been arguing that the 4-percent target, the most radical option among the three, is too severe for them to meet, worrying over the heavy cost expected.

The plan is scheduled to be approved by the Cabinet on Nov. 17.

Source: Xinhua
  • Do you have anything to say?
Special Coverage
Major headlines
Editor's Pick
Most Popular
Hot Forum Dicussion