South Korea Government Backs Low Interest Loans for Eco-Friendly Projects

I hope that our government staffers and Presidential hopefuls are paying attention to this development in South Korea.

According to Reuters, South Korean companies will be eligible for cheap loans when they build facilities aimed at cutting greenhouse gas emissions.

The loans will be provided by eight major commercial banks, including Kookmin Bank and Industrial Bank of Korea, at an annual interest rate of 2.5 percent, lower than the usual rate of 4.5 percent, it said in a statement.

The government will pay the difference in interest income for lenders out of a 30 billion won ($31.68 million) state-run fund designed to finance projects aimed at cutting greenhouse gas emissions, the ministry said in a statement.

I believe that providing these kinds of tax incentives in the US would send a strong signal that the country is serious about tackling our role in global warming as well as help boost the emergin green business sector even more. Get this into leglislation now!

David R. Kaufer
Founder and Chief Green Officer
Green for Good, Inc.

Additional debunking of UK Climate Change "documentary"

Earlier this week I wrote about the US-based scientist who said he was duped into appearing on a "documentary" that was shown on UK Channel 4 last week. The focus of The Great Global Warming Swindle was that all of the scientific reports and media coverage about global warming being man-made are false and part of a great hoax.

Now more reports are emerging that demonstrate what a half-ass production "The Great Warming Swindle" really was and how it can't be taken seriously.

The blog Section 15 provides a nice summary of the lies and misdirection used in the film - I'm sure even more will emerge in coming days.

David R. Kaufer
Founder and Chief Green Officer
GreenforGood.com