Financial Soultions looks at a greener South Korea.

Sept. 23, 2009 - PRLog -- Speaking at the U.N. General Assembly, South Korean President Lee said his country plans on investing about two percent of its GDP in "green growth" during the next five years, Financial Soultions information shows.

South Korea is a nation not prompted to announce targets under the Kyoto Protocol, the present international environmental treaty intended to reduce the emission of greenhouse gases into the atmosphere.

While close to 190 nations have endorsed the treaty, only 37 industrialized countries have agreed to targets to diminish heat-trapping emissions by 2008-12 under a standard that richer countries are generally to blame for climate change, a view strongly shared by China and India.

Environmental ministers from around 190 counties meet in the Danish capital in December to try and agree to an extensive global treaty to fight climate change, an internationally defining meeting which Financial Soultions hopes will chart an environmentally co-operative direction for the longer term after the 2012 Kyoto Accord.

Financial Soultions advisors say the troubling points are that the U.S.A which refused to be a Kyoto signatory, is dragging its feet in favor of Obama’s health bill, and doesn’t seem likely to have any realistic plans before the new year, and it is highly unlikely that China will be prepared to offer more than a total industrialized offer can  compensate for.

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