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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam SKorea sets greenhouse gas reduction target By JAESOON CHANG,Associated Press Writer - Tuesday, November 17 Send IM Story Print SEOUL, South Korea – South Korea announced its first greenhouse gas reduction target Tuesday, pledging to cut emissions of carbon dioxide and other heat-trapping gases by 4 percent below 2005 levels by 2020. The announcement came amid dimming prospects for a new global climate-change pact at next month's U.N. conference in Copenhagen. South Korea is not among countries that must cut emissions under the existing Kyoto Protocol, and Tuesday's voluntary target-setting could put pressure on developed nations to act more aggressively to fight global warming. On Sunday, President Barack Obama and other leaders at an Asia-Pacific summit affirmed the growing consensus that the December deadline set two years ago for a completed climate accord is out of reach, and reset the goal for Copenhagen as striking a political deal. In Seoul, the presidential Blue House said Tuesday that South Korea would cut emissions by 30 percent below expected levels in 2020. That translates into about 4 percent reduction from 2005 levels. South Korea is one of the world's largest greenhouse gas emitters. In 2005, the country released 590 million tons of the greenhouse gases blamed for dangerously warming the globe. That amount is believed to be the world's ninth largest. If no action is taken to cut emissions, South Korea is expected to produce 813 million tons of greenhouse gases in 2020. Under Tuesday's target, the country aims to cut the 2020 levels to around 569 million tons. "Though there are doubtful prospects for the Copenhagen meeting, South Korea's voluntary announcement of the national reduction target will be a chance to urge the international community to make responsible efforts," President Lee Myung-bak told a Cabinet meeting, according to his office. The Copenhagen agreement is meant to succeed the 1997 Kyoto Protocol, which set emissions targets for 37 industrialized countries. The U.S. rejected Kyoto as economically damaging and unfair since it made no demands of rapidly growing economies. The Obama administration wants to be included in the new accord. But its reluctance to commit to emissions targets or financing until Congress completes domestic legislation was partly responsible for delaying a legally binding international accord. The Senate's climate and energy bill will not come up for a full debate until next year. The countries that must cut emissions under the Kyoto agreement have given new reduction targets for 2020, but the developing countries say the proposed cuts are not deep enough. Together, the pledges amount to reductions of about 15 percent below 1990 levels, while the developing countries demand that those targets be lifted to about 40 percent. U.N. scientists said two years ago that reductions of 25 to 40 percent by the industrial countries were needed to avoid the worst effects of global warming. 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