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S. KOREA TO BOOST INVESTMENT IN GREENHOUSE GAS STORAGE.

AsiaPulse News

| December 03, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Dec 3 Asia Pulse - South Korea will increase its spending on technologies to capture and store greenhouse gases by over 30 per cent in 2008, the government said Sunday.

The Ministry of Science and Technology said 33.95 billion won (US$36.62 million) out of next year's budget has been set aside to help the country better cope with greenhouse gases, which are causing global warming and unwanted climate change.

It said the amount is a 31.5 per cent gain from the 25.82 billion won earmarked for this year. Of the total, about 26.2 billion won is to be spent on trying to reduce carbon dioxide (CO2), with 7.7 billion won allocated to develop ways to deal with other non-CO2 gases.

CO2 accounts for about 60 per cent of all greenhouse gases released into the atmosphere, with methane making up 20 per cent. Other gases like nitrous oxide, hydroflurocarbons, perfluorocarbons and sulfur hexafluoride account for the remaining 20 per cent.

The capture ...

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Source: HighBeam Research, S. KOREA TO BOOST INVESTMENT IN GREENHOUSE GAS STORAGE.

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