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Industry

Germany to phase out oil, gas and coal by 2045, releases green roadmap

The German government has released a national roadmap to reduce reliance on fossil fuels such as coal, oil and gas, aiming to phase out their use in the energy system while achieving climate neutrality by 2045. It is the first time Germany has made a fossil-fuel exit an explicit national policy goal. The plan focuses on expanding renewables and electrifying transport, heating and industry, while cutting methane emissions and converting gas power to climate-neutral fuels over time.

AI & Enterprise

Lotte opens \'Lotte x KAIST R&D Center\' with 10 billion won donation

Korea Advanced Institute of Science and Technology (KAIST) and Lotte Group have set up an industry-academia cooperation hub to jointly pursue work from R&D to commercialisation to address sustainability issues. KAIST said it held a completion ceremony for the \'Lotte x KAIST R&D Center\' at its Daejeon campus on Sept. 11. The centre was built using a 10 billion won construction donation from Lotte and KAIST funds, and will focus on bio sustainability, carbon-neutral energy, materials and processes, and advanced food and healthcare.

Industry

First major R&D screening after pre-feasibility review abolition picks five projects including AI and aircraft engines

South Korea has selected five projects for the first review under a new pre-screening system for large research and development initiatives introduced after it abolished pre-feasibility reviews. The Ministry of Science and ICT said a committee chaired by Vice Minister for Science and Technology Innovation Park In-gyu (박인규) chose the projects on Thursday. The selected projects will be reviewed by an expert panel for about eight months, including on-site intensive checks.