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Industry

EU electric vehicle target easing could wipe out 34 battery plants, risking supply chain collapse

Easing European Union car carbon-emissions targets could cut 2030 electric vehicle production in Europe to about half current forecasts and erase industrial opportunities equal to 34 Northvolt-sized battery plants, an analysis said. Transport & Environment warned weaker CO2 rules could sharply reduce battery capacity, threaten up to 47,000 jobs and hit cathode material projects. It also said slower EV uptake could add 50 billion euros in oil import costs in 2026-2035.

AI & Enterprise

SKT builds solar infrastructure at Korea University, eyes 350 million won a year in power bill savings

SK Telecom has built solar energy infrastructure at Korea University’s Seoul campus to directly use power generated on campus for school operations. The project installs about 1.8 MW of solar facilities on rooftops of 20 buildings, including the Business School main building and the Lyceum. Korea University expects the project to cut about 1,069 tonnes of CO2 a year and save an estimated 350 million won annually in electricity bills.

Industry

MSIT to expand climate response technology development with 3.4 trillion won investment

South Korea\'s Ministry of Science and ICT said on Wednesday it is accelerating technology development to respond to climate change to implement government policy tasks and meet its 2035 greenhouse gas reduction target. The ministry has drawn up a 2026 implementation plan under its first basic plan for climate response technology development. It plans to invest 3.42 trillion won this year across emissions cuts, adaptation and an innovation ecosystem, up 14.1 percent from a year earlier.