SEOUL - Almost 60 percent
of South Korean companies are not making any
preparations for the implementation of international
environment directives, such as the Kyoto Protocol to
the United Nations Framework Convention on Climate
Change, a survey revealed on Tuesday.
of 948 local firms conducted by the Korea Institute for
Industrial Economics and Trade (KIET) showed that when
asked about their plans to cope with the directives,
40.6 percent of the respondents said they were
"preparing for them," while 59.4 percent said they were
By size of firm, 73.5 percent of large
corporations said they are actively preparing for the
implementation of the regulations, with only 29.3
percent of small and mid-sized firms returning the same
Asked on their awareness of the Kyoto
Protocol, 27.3 percent of the respondents answered they
were "well informed," 52.7 percent said "slightly
aware," while 19.5 percent of them admitted they had
almost no idea about the protocol.
percent of large companies were familiar with the
protocol while a mere 16.2 percent of small and
medium-sized firms offered the same response.
More than 50 percent of the companies said they
believed the protocol on climate change will generally
have a major impact on their businesses, 33 percent said
they did not believe it would have a significant impact,
while 7.3 percent said they had no idea as to what
effect the protocol would have on their operations.
The survey also showed the Korean firms polled
were not spending money to reduce greenhouse gas
emissions. Roughly 16 percent spent more than 5 percent
of their total facility investments on lowering carbon
emissions, while 23.9 percent spent below 1 percent of
total investments for the same purpose.
Meanwhile, according to the Kyoto Protocol, 38
advanced countries, including South Korea, should reduce
greenhouse gas emissions by 5.2 percent from their 1990
levels during the 2008-2012 period.
countries will be allowed to "buy and sell" carbon
emission rights from other countries under the protocol.
Sep 17, 2003
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