South Korea plans to develop technology to build a thermal power plant in a bid to reduce its CO2 emissions by 2020, the government has announced.

According to the Ministry of Knowledge Economy, the government will push for extensive research and development into carbon capture and storage (CCS) technology over the next few years, writes China’s official news agency Xinhua.

The hope is to cut down on CO2 levels by more than 90% by the target year.

The technology is likely to be used by thermal power plants along with steel mills and oil refineries that release a lot of greenhouse gases, according to South Korean officials.

Seoul also plans to establish a consortium to build a pilot 500MW power plant that could gauge the feasibility of CCS in actual working conditions by 2015, reports Xinhua.