South Korea plans this year to unveil targeted cuts in its greenhouse gas emissions by 2020, South Korean President Lee Myung-bak said on Wednesday.

Speaking at the U.N. General Assembly, Lee also said his country intends to invest about two percent of its GDP in "green growth" during the next five years.

World leaders gathered here for a global summit meeting on climate change made modest proposals on Tuesday for combating the problem, underscoring the way domestic political battles still trump what United Nations officials had hoped would be a sense of global urgency.

About 18 per cent of Bangladesh land will go under water and much of the Maldives would submerge following sea level rise at certain level, 'World Development Report 2010: Development and Climate Change' released yesterday in advance of the December meetings on climate change in Copenhagen said.

The rising temperature may result in significant reduction in the Gross Domestic Product of Bangladesh which is part of the Himalayan system, apart from the risk the country is facing of losing 18 per cent of its land due to the rising water level of the oceans.

The global climate problem can be solved, achieving a

Europe could pay poor countries up to 15 billion euros ($22 billion) a year by 2020 to persuade them to help battle climate change, the European Union's executive arm said on Thursday.

The Maldives, one of the countries most at risk from rising sea levels, will not attend this year's Copenhagen summit on climate change because the atoll nation is broke, its president said Monday.

President Mohamed Nasheed told reporters in the capital Male that his newly-elected government had no money to fund his visit to the UN climate change conference in Copenhagen in December.

Two very different recent scenes from India: At a power breakfast in New Delhi for many of the country

Over the last 50 years, nine out of ten natural disasters around the world have been the result of extreme weather and climate events. Storms, floods, droughts, heatwaves, dust storms, wildfires and many other natural hazards threaten the lives and livelihoods of millions of people worldwide.

JAIPUR: Distinguished economist and Prime Minister