[Korea.net News, Science / Tech, December 4 2007] Korea boosting budget for anti-greenhouse gas research

Korea is greatly expanding next year’s research and development budget for reducing greenhouse gas, the Science and Technology Ministry said Monday (Dec. 3).

So-called Carbon Capture and Storage (CCS) technology is drawing international attention because no feasible substitute energy resources exist and it is expected to greatly reduce global greenhouse gas emissions from conventional power plants.

To secure an advance position in the emerging market for gas-reducing technology, the Korean government has allocated 34 billion won in the 2008 budget for related R&D, a 31.5% increase over the previous year.