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The Environmental Impact Assessment (EIA) on greenhouse gas has been executed since 2010 and the result of the assessment showed that it is effective for reducing the greenhouse gas which is due to development business.
On the 5th, the Ministry of Environment announced that as a result of implementing EIA on 53 development businesses for the past two years (2010~2011), 11.47 million tons of greenhouse gases have been reduced. ?
EIA is a policy for evaluating and effectively reducing greenhouse gases which are emitted during the process of development businesses.
The policy requires the businesses to establish plans to reduce greenhouse gases through land use, improvement on energy efficiency, resource recycle and etc.
The reduced 11.47 million tons are 4.7% of 2020’s goal for national greenhouse gas reduction, 244 million tons. Also, the amount is 15.6% of Posco’s annual emission, 73.52 million tons. ?
In addition, the reduced amount is 35.4% of the BAU, 32.39 million tons, the expected amount of emission when any separate reduction plan is not devised.
Based on the average market price of EUA, economical effect of 216.7 billion won per year is expected.
The ministry is planning for more reduction of greenhouse gas by expanding EIA in the future.
To expand the reduction of greenhouse gas emitted during the development business, current 5 business industries ? energy, city, industrial estate, road and tourism complex ? for evaluation will be expanded to all 18 businesses from 2012. ?
Strategic Environmental Assessment is also planned to establish the low carbon green development from the basic plan establishment phase.
