S.Korea says to set 2020 emissions target

Reuters, Tuesday August 4 2009
SEOUL, Aug 4 (Reuters) - South Korea, Asia's fourth largest economy, has pledged to set one of three targets for carbon emissions by 2020, voluntarily joining Kyoto signatories in moving toward a firm commitment to roll back climate change.
The government said on Tuesday it would choose a 2020 gas emission target this year from three options: an 8 percent increase from 2005 levels by 2020, unchanged from 2005, or 4 percent below 2005 levels.
The government estimated each target to cost between 0.3 and 0.5 percent of GDP and will curb emissions by increased use of hybrid cars, renewable and nuclear energy consumption, energy efficiency with LEDs (light-emitting diodes) and smart grids. (Reporting by Cho Meeyoung; Editing by David Fogarty)