The government will invest five trillion won over the next five years to develop key green energy sectors in an effort to counter climate change.

The plan was approved at a government meeting on Friday chaired by Prime Minister Han Seung-soo.

Solar batteries, full-sized wind generators, high-efficiency lighting and fuel cell cars are among the several environmentally friendly technologies which will be developed.

The government added that it plans to introduce a carbon tax and emissions trading system, although a timeline has not been set as of yet.