Seoul maps out plans to cut greenhouse gas emissions in Korea
The Korean government has released plans for greenhouse gas emission reductions to follow up on President Lee’s announced determination to foster a green environment during the G-8 extended summit last month.
The Presidential Committee on Green Growth said that it had come up with three scenarios through which the country’s current emission level would be reduced by 21, 27 and 30 percent, compared to the Business As Usual (BAU) level.
BAU refers to the level of greenhouse gas a country is likely to emit if the country takes no actions to achieve emission reductions.
When the three plans are put on the right path, Korea’s greenhouse gas emissions will increase by 8 percent, stay unchanged or go down 4 percent, respectively, when compared to 2005 levels.
Korea’s reduction plan is impressive considering that the country’s exhaust emissions have increased 99 percent over the last 15 years, the highest rate among OECD members, the committee official said.
The international community is also focusing its energy on minimizing the negative effects of climate change, with the target of holding down the 21st century’s global warming level to within two degrees Celsius.
The United Kingdom, the United States and Japan plan to cut their emissions by 26 percent, 17 percent, and 15 percent, respectively, compared to 2005 levels.
Korea’s green growth committee said on Tuesday that the three scenarios were brought out in ways to realize President Lee’s commitment to greenhouse gas reduction and to nurture green industries in the country.
It added that the government will finalize the emission reduction plan within this year, after consulting with industry leaders, environmentalists and experts.
Topics: Asia, economic development, Economy, G-8 Summit, Governance, Green Environment, green growth, greenhouse gas emissions, Korea
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