South Korea plans to produce 5 million tons of wood pellets by 2020 1 million domestically and four millions overseas. This will cut back 6.7 million tons of greenhouse gas emissions.
Seoul, South Korea Can South Korea achieve the ambitious target of cutting back 30 percent of its estimated greenhouse gas emissions in 2020? "Yes," said Chung Kwang-soo, head of the Korea Forest Service, stressing that his state-run agency is playing a leading role in the nationwide campaign to reduce carbon dioxide emissions and cut consumption of fossil fuels.
"South Korea can realize low-carbon, green growth through forests," he said. "Forests are recognized as sole carbon sinks by the United Nations Framework Convention on Climate Change," the forest chief told a group of foreign correspondents in Seoul.
His comments came at a time when the South Korean government is set to decide on adopting the most drastic target option of cutting 30 percent of estimated greenhouse gas emissions in 2020.
South Korea is expected to produce 813 million metric tons of carbon dioxide in 2020, up from 594.4 million tons in 2005. The government has weighed three scenarios that seek to reduce emissions by 21 percent, 27 percent or 30 percent of the estimated emissions.
The government is most likely to choose the most drastic option of 30 percent reduction, according to government sources. It will officially announce the decision next week.
South Korea, one of the world's fastest growing carbon emitters, is not obliged to announce emission reduction targets under the Kyoto Protocol. But it has voluntarily come up with the proposal.
Chung cited wood pellets, clean development mechanism projects overseas, and palm oil and other biomass resources as the main projects being pushed by the forest service to reduce greenhouse gas emissions blamed for causing global warming.
"Promotion of pellet use as a substitute for fossil fuels will contribute to reduction of greenhouse gas emissions," Chung said. "Wood pellets produce just 8 percent of the greenhouse gases that diesel fuels emit," he said.
Wood pellets are generally made from compacted sawdust and usually produced as a byproduct of sawmills and other wood transformation activities. Ten cubic meters of forest can produce 4.5 metric tons of wood pellets, which can substitute for two tons of crude oil, eventually reducing six tons of carbon dioxide emissions, Chung said.
Heating with wood pellets is an ideal way for farmers to save on heating bills while improving the environment, he said, noting that diesel accounts for 70 percent of fuel use in the agricultural sector. The cost of pellets is just half that of diesel fuel, he said.
"We plan to produce 5 million tons of wood pellets by 2020 1 million domestically and four millions overseas," he said. This would cut back 6.7 million tons of greenhouse gas emissions.
As part of the effort, the forest service is pushing for overseas plantations. It has so far secured land in nine countries, including Indonesia, Vietnam and New Zealand.
As recently as last week, Cambodia agreed to provide 200,000 hectares of land for South Korea's forestation program. The deal was signed during President Lee Myung-bak's two-day state visit to the Southeast Asian country last Thursday.
Earlier this year, Indonesia agreed to provide 200,000 hectares of forestland to South Korea for producing wood for pellets starting in late 2010. "We aim to expand combined overseas forestation land to 1 million hectares by 2050 and have already secured 900,000 hectares," Chung said.
The overseas forestation is also in line with the forest service's efforts to implement the clean development mechanism, a U.N.-endorsed carbon offset project. Under the program, companies can fund emissions cuts in developing countries and in return receive primary certified emissions reductions, which can be used toward emissions reduction targets or sold for profit.
With the help of the forest service, a number of South Korean manufacturers have joined CDM projects overseas to help secure carbon credits. "The afforestation and reforestation CDM would serve to help South Korea win carbon reduction credits," said Park Jong-Ho, deputy director general of the forest service's international division.
Park said South Korean firms have also invested in projects in Indonesia to produce palm oil, soybean oil and rapeseed oil as alternative energy sources.
"The biomass deal is part of our efforts to develop alternative energy sources under a comprehensive plan on climate change," Park said. "We have also carried out desertification prevention programs in China and Mongolia, spending US$11.3 million," he said.