Korea is planning to host 2012 UN climate talk which will set up post-Kyoto protocol regime.

Korea announced a plan in 2009 to cut carbon emissions by 30 percent from levels predicted for 2020, becoming the first emerging economy to announce such a reduction goal. Furthermore, the government is now implementing a $38-billion ¿Green New Deal¿ to spur economic recovery and create jobs. The plan involves nine core projects and 27 subprograms that are expected to create 960,000 new jobs. The government has also committed fiscally _ investing 2 percent of annual gross domestic product (GDP) to implement green growth initiatives.

Korea's bid for the UN climate talk comes in a period of green growth era, so policy makers say the bid is really important to the future of Korea's green plan.

sources: The Korea Times, The JoongAng Daily