government to invest w23bn in developing carbon capture technology
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Government to invest W23bn in developing carbon capture technology

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Government to invest W23bn in developing carbon capture technology

Seoul - Yonhap

The government on Wednesday announced plans to invest 23 billion won (US$20.3 million) this year to develop new carbon capture and sequestration (CCS) technologies that will help reduce the country\'s greenhouse gas emissions and also ensure the country\'s leadership in the growing global market. The global market for CCS technologies and facilities is expected to grow to 84 trillion won or $74 billion in 2050, according to the Ministry of Science, ICT and Future Planning.

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